Model Form Operating Agreement (Genie AI)

The Model Form Operating Agreement (Genie AI) is a legal template designed to govern the operations and management of a limited liability company (LLC) that operates in the artificial intelligence (AI) industry, specifically utilizing technology provided by Genie AI. This operating agreement provides a comprehensive framework, outlining the rights, responsibilities, and obligations of members, as well as the decision-making processes, profit-sharing arrangements, and mechanisms for resolving disputes within the LLC. It covers various aspects such as capital contributions, allocation of profits and losses, member voting and decision-making powers, dissolution and liquidation procedures, and other important provisions relevant to an AI-based LLC. The objective of this template is to establish a clear and enforceable agreement between the members of the LLC to ensure smooth operations, protect their respective interests, and facilitate the seamless integration of Genie AI technology into the business.