Release And Indemnity Agreement (Genie AI)

The Release and Indemnity Agreement (Genie AI) is a legal template that outlines the terms and conditions for the release and indemnification of liability by a party (releasor) to another party (releasee), specifically in relation to the use and functionality of a Genie AI software. This agreement serves to protect the releasee from any claims, damages, losses, or liabilities that may arise from the use or misuse of the Genie AI software by the releasor. It establishes a clear understanding between the parties regarding the potential risks associated with the software and ensures that the releasor assumes all responsibility for any adverse consequences resulting from its utilization. The agreement typically includes provisions related to the scope of release, waivers, indemnification clauses, governing laws, and dispute resolution mechanisms, among others.