Patent And Know How License Agreement (Genie AI)

The Patent and Know-How License Agreement (Genie AI) is a legally binding template that establishes the terms and conditions for licensing patent rights and know-how related to the Genie AI technology. This agreement governs the relationship between the licensor, who owns the patents and know-how, and the licensee, who seeks to utilize the technology for specific purposes. The template outlines various provisions, including the scope of the license, payment terms, confidentiality obligations, and dispute resolution mechanisms. Overall, the agreement serves as a comprehensive legal framework to protect the intellectual property rights of the licensor while granting the licensee the necessary permissions to utilize and benefit from the Genie AI technology.