GeenieGuard™ IP Custody

This Agreement is entered into by and between GeenieWeenie, Inc. ("Custodian"), a Delaware corporation and the purchaser of a GeenieWeenie invention box who has elected to add the GeenieGuard™ service ("Client"), collectively referred to as the "Parties."
Effective as of the date the Client's invention prototype is finalized ("Effective Date"), the following terms apply:

GeenieWeenie creates original invention prototypes and associated intellectual property ("Invention") for its Clients. By adding the Geenie Guard™ IP Holding Service, the Client has requested that GeenieWeenie retain temporary custodial control of the IP instead of immediate transfer, to allow time for the Client to file a patent, expiore licensing, or delay release.

This Agreement governs the Custodian's legal custody and storage of the Invention, and includes mutual obligations of non-disclosure.

2.1. Beneficial Ownership

The Client is and shall remain the sole beneficial owner of the Invention, including all related intellectual property right whether registered or

unregistered.

2.2. Custodial Holding

GeenieWeenie agrees to retain the Invention materials (designs, documentation, prototypes, sketches, CAD files, digital assets, and any associated data) in secure custody for the duration of the Custodial Term, defined below.

3.1. Standard Term

The default Custodial Term is twelve (12) months from the Effective Date.

3.2. Extensions

The Client may extend the Custodial Term in writing before expiration, subject to additional fees and acceptance by the Custodian.

3.3. Expiration and Grace Period

If no extension or transfer is requested, the Client has thirty (30) days following expiration to claim the IP. After that, the Invention may be treated as unclaimed, and the Custodian may destroy or archive the materials at its discretion. The Custodian

shall never sell, license, or use the IP unless otherwise authorized in writing by the Client. 

Upon written request by the Client, the Custodian shall execute and deliver all necessary documents to

assign full legal ownership of the Invention to the Client within ten (10) business days of such request.

5.1. Definition

"Confidential Information" includes all materials, documents, ideas, files, prototypes, and communications related to the Invention, whether provided by the Custodian to the Client or vice

versa.

5.2. Obligations

Both Parties agree to:

• Keep all Confidential Information strictly confidential

• Use it only for purposes related to invention development or protection
• Not disclose it to any third party without written consent

5.3. Exceptions

Confidential Information does not include information that:

• Is publicly available through no fault of the receiving party prior to disclosure.

•Was known by the receiving party prior to disclosure

• Is lawfully obtained from a third party

This NDA remains in effect for three (3) years after the end of the Custodial Term, unless extended by mutual written agreement.

•The Custodian is not responsible for delays or failure by the Client to file patents, register IP, or
take protective legal steps.

• No guarantee is made as to the commercial viability, patentability, or exclusivity of the Invention.
• The Custodian will use commercially reasonable measures to store, encrypt, and safeguard the Invention, but assumes no liability beyond the fees paid for the GeenieGuard service.

Either party may terminate this Agreement early with 30 days' written notice. Upon termination:

• The Client may request IP transfer
• If no such request is received within 30 days,
  Section 3.3 ("Unclaimed IP") shall apply

8. Governing Law

This Agreement shall be governed by the laws of the State of Delaware. Any disputes shall be resolved exclusively in the state or federal courts located in Delaware 

This Agreement constitutes the entire understanding between the Parties and supersedes any prior verbal or written agreements related to the subject matter herein.