Foundry Agreement (Genie AI)

The Foundry Agreement (Genie AI) is a legal template that encompasses the terms and conditions surrounding a contractual agreement between a foundry (the manufacturing facility) and Genie AI (the client). This template mainly focuses on the production, manufacturing, and delivery of specific goods or products according to Genie AI's specifications. It includes provisions related to the quality standards, intellectual property rights, and pricing models applicable to the manufacturing agreement. Additionally, the template may cover clauses addressing warranties, liability, risk allocation, confidentiality, termination conditions, and dispute resolution procedures. Overall, this legal template provides a comprehensive framework for the foundry and Genie AI to establish a mutually beneficial and legally binding agreement for the production of goods.