Patent Licensing Agreement (Genie AI)

The Patent Licensing Agreement (Genie AI) is a legal template that facilitates the licensing of intellectual property rights related to Genie AI's patented technologies. This agreement outlines the terms and conditions under which the patent holder grants permission to another party (licensee) to use, sell, or manufacture the patented invention for a specific purpose, usually for a predetermined period. The document encompasses clauses addressing licensing fees, royalties, confidentiality, infringement, and dispute resolution, among others. It ensures that both the licensor and licensee understand their rights and obligations, promoting a mutually beneficial and legally sound partnership in the development and commercialization of Genie AI's patented innovations.