Hold Harmless Indemnity Agreement (Genie AI)

The Hold Harmless Indemnity Agreement (Genie AI) is a legal template that outlines the terms and conditions under which one party agrees to indemnify and hold harmless another party from any legal liability, claims, damages, or expenses arising from the use or implementation of Genie AI technology. This agreement aims to protect the party providing Genie AI technology by shifting the responsibility and potential financial burden onto the party agreeing to indemnify and hold harmless. The template defines the scope of indemnity, limitations, and exclusions, as well as the conditions for invoking the agreement. It is typically used in situations where Genie AI technology is being licensed, implemented, or provided by a third party, and serves as a means of allocating risks associated with the use of the technology.