indemnification

No announcement was made as to the amount the companies would be paid as indemnification for their properties.

“The idea that officers need indemnification is frankly absurd,” said Alexander A. Reinert, a professor at the Benjamin N. Cardozo School of Law in New York.

It promises “full indemnification for commercial use” and is meant to avoid the intellectual property risks that have made businesses wary of using generative AI tools.

In the 2000s, the company offered indemnification to partners and later customers using or reselling its software, a bid to differentiate Microsoft from Linux and other open-source software makers.

Over the past few months, Snyder and the NFL had reportedly been haggling over the topic of legal indemnification — a clause that would protect parties against future legal liability.