Technology Development Agreement (Genie AI)

The Technology Development Agreement (Genie AI) is a legal template that outlines the specific terms and conditions between parties involved in the development of technology, particularly related to artificial intelligence (AI), specifically named Genie AI. This agreement is designed to provide a comprehensive framework that governs the rights, responsibilities, and obligations of the parties involved in the technology development process. It covers various aspects such as ownership of intellectual property rights, confidentiality provisions, licensing arrangements, payment terms, dispute resolution mechanisms, and potential liability issues. This template ensures that all parties involved in the technology development agreement are aware of their rights and obligations, promoting transparency, and minimizing potential disputes or misunderstandings.