Reliance Agreement (Genie AI)

The Reliance Agreement (Genie AI) is a legal template designed to establish a legally binding agreement between two parties involved in the use and reliance on artificial intelligence technology developed or provided by Genie AI. This template outlines the terms and conditions that both parties must comply with when utilizing the AI technology or relying on its services.

The agreement focuses on defining the rights and obligations of the parties involved, addressing areas such as ownership of intellectual property, confidentiality, data protection, and liability. It also covers the scope of use of the AI technology, including any limitations or restrictions.

The Reliance Agreement may include provisions related to the training and customization of the AI technology to meet the specific needs and requirements of the relying party. It may also outline any technical support and maintenance services provided by Genie AI, along with the associated costs and responsibilities.

Additionally, the template might include provisions regarding termination of the agreement, dispute resolution mechanisms, and applicable governing law. This comprehensive legal document aims to protect both parties' interests and ensure clarity and transparency in their reliance on the Genie AI technology.