Stalking Horse Agreement (Genie AI)

The Stalking Horse Agreement (Genie AI) is a legal template specifically tailored for situations involving a "stalking horse" arrangement in the context of Genie AI, an artificial intelligence (AI) technology or product. A stalking horse agreement is a contractual arrangement often used in bankruptcy proceedings or asset sales. In this case, the template likely outlines the terms and conditions of the agreement between the "stalking horse" (an entity or individual) and Genie AI, which enables the stalking horse to serve as an initial bidder or offeror for the acquisition of assets or intellectual property related to Genie AI. The template likely includes provisions related to bid requirements, purchase price, due diligence, exclusivity, confidentiality, rights, and obligations of the stalking horse and Genie AI, as well as other relevant clauses to protect the interests of both parties. It ensures a structured and transparent process for the potential acquisition, helping Genie AI and the stalking horse navigate the complexities associated with the sale or transfer of assets involving an AI technology product.