Transfer Rights Agreement (Genie AI)

The Transfer Rights Agreement (Genie AI) is a legal template that outlines the terms and conditions surrounding the transfer of intellectual property rights and licenses related to artificial intelligence technology. This agreement is specifically designed for companies or individuals who wish to transfer their ownership or usage rights of AI-based products or services developed using Genie AI technology. The template covers key aspects such as the scope of the transfer, the effective date, payment provisions, confidentiality obligations, warranties, and mutual indemnification. It also includes provisions for dispute resolution and governing law to ensure a clear and legally binding agreement for both parties involved in the transfer of rights. This legal template helps facilitate the smooth transfer of intellectual property rights while ensuring compliance with relevant laws and regulations, protecting the interests of both the transferring and receiving parties.