Master Receivables Purchase Agreement (Genie AI)

The Master Receivables Purchase Agreement (Genie AI) under USA law is a legal template that outlines the terms and conditions governing the sale and purchase of accounts receivables between two parties. This agreement is specifically designed for transactions involving Genie AI, an artificial intelligence software company, and is governed by the laws of the United States.

The template provides a comprehensive framework that covers various aspects of the receivables purchase process. It defines the rights, obligations, and responsibilities of both the buyer and the seller, establishing a clear understanding of the transaction. The document typically includes clauses related to the identification and eligibility of the receivables, representations and warranties, purchase price, payment terms, and dispute resolution.

The agreement also addresses important considerations such as confidentiality, indemnification, limitations of liability, and default provisions. It ensures that the parties are protected and have mechanisms in place to address potential issues that may arise during the receivables purchase process.

This legal template serves as a foundational document that can be customized to reflect the specific terms and conditions negotiated by the involved parties. It offers clarity, consistency, and legal protection to ensure a smooth and transparent transfer of accounts receivables while adhering to the applicable laws and regulations in the United States.