Genie AI

This Machine Learning Engineer contract template is designed for a commercial machine learning organisation (or an individual machine learning engineer) to use when contracting out their skills and services in exchange for payment. This contract sets out the type of machine learning and machine-learning-related services to be completed by the machine learning engineer on behalf of the client, with consideration for expectations around quality and delivery timescales, as well as any mitigating circumstances. This contract allows for payment to be made by the client to the machine learning firm or individual machine learning engineer on a weekly or monthly basis but can easily be edited to account for other payment schedules and could be altered to include bonuses conditional on performance. It can also be fully customised with the details of the two parties and the duration of the contract and can be printed, downloaded and edited freely as part of our mission to open source business legals. This is a template for contractors who fit outside of the UK's off-payroll working rules (IR35).

A lock-out agreement (lease not agreed) under UK law is a legal template designed to assist individuals or businesses in drafting a contractual agreement in situations where they wish to temporarily restrict or prevent lease negotiations or agreements from progressing further. This agreement is particularly relevant when parties involved in lease negotiations cannot reach a final agreement but intend to continue discussions or pursue alternative options without the risk of the property being leased to other parties during that time.

The lock-out agreement highlights the specific terms and conditions under which the landlord agrees not to enter into negotiations or sign a lease agreement with any other individual or entity for a predetermined period, typically agreed upon by both parties. This exclusive negotiation period allows the prospective tenant to conduct further due diligence, secure funding or permissions, or simply have more time to consider the terms of the lease.

Within this legal template, details regarding the payment of a lock-out fee, which serves as compensation to the landlord for temporarily setting aside other potential tenants, may be included. The agreement may also outline the circumstances under which the lock-out agreement can be terminated by either party, such as if a lease agreement is successfully reached or if either party fails to fulfill their obligations.

As this legal template is specific to the UK jurisdiction, it adheres to the applicable laws, regulations, and standards governing lease agreements in the country.

The legal template, titled "Market Value (Or Nominal Cost) Options Exercise Notice (Long-Term Incentive Plans) under UK law," provides a structured document that outlines the process and requirements for exercising options granted under long-term incentive plans in the United Kingdom.

This template is specifically designed to be used when exercising options based on either the market value or nominal cost valuation methods. It aims to ensure compliance with relevant UK laws and regulations and helps both the option holder and the issuing company fulfill their respective obligations during the exercise process.

The document includes sections covering essential details such as the option holder's personal information, the specifics of the long-term incentive plan, the type and quantity of options being exercised, and the applicable valuation method. It also outlines any relevant timing requirements, conditions, or restrictions that need to be met when exercising the options.

Moreover, this legal template may include additional provisions related to tax implications, reporting obligations, and requirements for the option holder to provide certain supporting documents and information as part of the exercise process.

By utilizing this legally sound and comprehensive template, both the option holder and the company can ensure a transparent and efficient exercise of options under UK law, safeguarding their rights and obligations throughout the process.