Subservicing Agreement (Genie AI)

The Subservicing Agreement (Genie AI) is a legal template that outlines the terms and conditions for the arrangement between a primary service provider and a subservicer who will provide specific services on behalf of the primary service provider. This agreement is tailored specifically for businesses that utilize artificial intelligence-powered technology, specifically the Genie AI platform, to deliver their services. It provides a detailed framework for the obligations, responsibilities, and expectations of both parties, including the provision of services, confidentiality measures, intellectual property rights, termination clauses, and dispute resolution mechanisms. The agreement aims to establish a strong working relationship between the primary service provider and the subservicer by setting clear guidelines and ensuring a smooth and efficient collaboration while safeguarding the interests and rights of both parties involved.