Three Party Agreement (Genie AI)

The Three Party Agreement template with Genie AI refers to a legal document that outlines the terms and conditions agreed upon by three parties involved in a specific business arrangement or partnership, where the Genie AI technology and services are utilized. This agreement will typically be relevant for situations where a company or individual seeks to utilize the artificial intelligence-powered capabilities offered by Genie AI, which could encompass various applications and services such as natural language processing, data analysis, predictive modeling, or automation of specific tasks.

The template will typically cover several key aspects related to the engagement between the three parties: the client who intends to utilize Genie AI's services, Genie AI as the technology provider, and any additional third parties identified in the agreement. It will define the scope of services to be provided by Genie AI, clarifying the specific functionalities, deliverables, and limitations associated with the AI technology employed. The agreement will also address crucial aspects such as data privacy, protection, and ownership rights, as well as the responsibilities of each participating party concerning the use, processing, and safeguarding of confidential and proprietary information.

Furthermore, the template may encompass provisions related to payment terms, including any licensing fees, subscription costs, or usage-based charges associated with utilizing Genie AI. It may also address any potential warranties, liabilities, dispute resolution mechanisms, and termination conditions that could arise during the contractual relationship.

Overall, this Three Party Agreement template with Genie AI aims to establish a clear and binding legal framework that safeguards the interests of all participating parties and ensures a fair and productive business collaboration centered around the innovative use of Genie AI's artificial intelligence technology.