Series Llc Operating Agreement (Genie AI)

The Series LLC Operating Agreement (Genie AI) is a legal template that outlines the operational structure, management, and decision-making processes of a series limited liability company (LLC). This agreement specifically caters to businesses that adopt an artificial intelligence-driven platform or utilize Genie AI technology within their operations.

The agreement starts by providing a comprehensive definition and explanation of the series LLC, highlighting its distinct feature of creating separate series or compartments within a single legal entity. It further defines the roles and responsibilities of the individuals involved, including the series manager, members, and any potential advisory board.

The document outlines the governance framework, clarifying how decisions are made, voting rights, and the process for electing officers or managers. It also outlines the financial aspects, including capital contributions, profit allocation, and distribution rules among the series members.

Additionally, the Series LLC Operating Agreement (Genie AI) addresses various legal matters such as dispute resolution, dissolution procedures, fiduciary duties, and the limitations of liability for individuals involved in the series LLC. It may also cover provisions related to intellectual property, confidentiality, and non-compete agreements specific to Genie AI or other proprietary technology.

The agreement could further touch upon the ownership of any developments or enhancements made by the Genie AI technology, as well as the rights and restrictions related to the use and licensing of the technology by the series LLC.

Overall, the Series LLC Operating Agreement (Genie AI) serves as a foundational legal document that establishes the rights, obligations, and governance structure relevant to the usage of Genie AI within the series LLC, ensuring clarity and protection for all parties involved.