Rights Purchase Agreement (Genie AI)

The Rights Purchase Agreement (Genie AI) is a legal template that outlines the terms and conditions for the purchase of certain rights related to the use and development of artificial intelligence technology known as Genie AI. This agreement specifies the rights being transferred, such as the right to use, modify, distribute, and sublicense the Genie AI technology. It also includes provisions related to the purchase price, payment terms, intellectual property rights, warranties, and limitations of liability. This template serves as a legally binding contract between the buyer and the seller, ensuring a smooth and well-defined transaction that protects the interests of both parties involved in the rights transfer of Genie AI.