Royalty Participation Agreement (Genie AI)

The Royalty Participation Agreement (Genie AI) is a legal template that outlines the terms and conditions for collaborating with Genie AI, a technology company specializing in artificial intelligence solutions. This agreement focuses on the rights and obligations of both parties involved in the development, commercialization, and distribution of a product or service that incorporates Genie AI's technology. The template covers various aspects such as the scope of the collaboration, intellectual property rights, revenue sharing, confidentiality, termination clauses, and dispute resolution mechanisms. It aims to establish a fair and transparent agreement between the parties involved, allowing them to benefit from their respective contributions while protecting their interests and ensuring a successful collaboration.