Pooling Agreement (Genie AI)

The Pooling Agreement (Genie AI) is a legal template that outlines the terms and conditions for the establishment and operation of a pooling arrangement utilizing artificial intelligence technology developed by Genie AI. This agreement governs the pooling of resources, assets, or expertise from multiple parties with the objective of collectively funding and utilizing Genie AI's AI technology for mutual benefit. The template elucidates the rights and responsibilities of each participating party, the rules for allocating benefits and risks, the duration and termination provisions of the pooling arrangement, confidentiality obligations, intellectual property considerations, and dispute resolution mechanisms. This template aims to provide a comprehensive framework to facilitate the efficient and fair collaboration among parties seeking to leverage Genie AI's AI technology for various shared purposes, such as research, development, or commercial applications, while ensuring legal compliance and protecting the rights and interests of all involved parties.