Unit Grant Agreement (Genie AI)

The Unit Grant Agreement (Genie AI) is a legal template that outlines the terms and conditions for the granting of units or shares to individuals or entities by a company using artificial intelligence technology developed by Genie AI. This agreement sets forth the rights, obligations, and responsibilities of both the company and the recipients of the units. It addresses matters such as the number of units granted, vesting schedules, conversion rights, transferability, and any conditions or restrictions associated with the units. Additionally, it may include provisions for the termination or amendment of the agreement, as well as dispute resolution mechanisms. This legal template ensures clarity and protection for all parties involved in the granting and ownership of units through the use of Genie AI technology.