Preferred Vendor Agreement (Genie AI)

The Preferred Vendor Agreement (Genie AI) is a legal template that establishes the terms and conditions for a preferred vendor relationship between a company and Genie AI, an artificial intelligence software provider. This agreement outlines the expectations, obligations, and benefits for both parties involved in the vendor-client relationship. It covers crucial aspects such as the scope of services or products provided by Genie AI, pricing and payment terms, intellectual property rights, non-disclosure provisions, data protection and privacy, service level agreements, termination clauses, and dispute resolution mechanisms. By utilizing this legal template, both the company and Genie AI can establish a solid foundation for their business relationship while protecting their respective interests and promoting efficiency, transparency, and collaboration.