lagori.ai

AI Product Disclosure Agreement

Critical information about risks, limitations, and user responsibilities.

Last updated: May 15, 2025

CRITICAL DISCLOSURE NOTICE

IMPORTANT: This Disclosure Agreement is a legally binding document that outlines critical information about the risks, limitations, and user responsibilities associated with using AI-powered products developed by Lagori AI LLP. By using our products, you acknowledge that you have read, understood, and accepted all disclosures contained herein.

1. Introduction and Purpose

This AI Product Disclosure Agreement ("Disclosure Agreement" or "Agreement") is a comprehensive disclosure document that applies to all AI-powered products, platforms, and software applications developed and provided by Lagori AI LLP ("Company," "we," "us," or "our").

Purpose of This Disclosure:

  • • To inform users about the inherent risks and limitations of AI technology
  • • To establish clear user responsibilities and obligations
  • • To protect both users and the company from misunderstandings
  • • To ensure compliance with regulatory requirements
  • • To provide transparency about AI product capabilities and constraints

Products Covered:

  • • AI-powered software applications and platforms
  • • Mobile applications with AI capabilities
  • • Web applications with AI features
  • • Desktop software with AI functionality
  • • API services and software development kits (SDKs)
  • • Any current or future AI products across various domains

Important Note: Lagori AI LLP develops multiple AI products across different domains. Each product may have its own specific disclosures and compliance requirements. Please refer to the product-specific documentation for detailed disclosures applicable to individual products.

2. AI Technology Fundamental Disclosures

2.1 AI Model Nature and Limitations

Critical Understanding Required:

  • • AI Models Are Probabilistic: Our AI models generate outputs based on statistical patterns, not deterministic logic
  • • No Guaranteed Accuracy: AI outputs may be inaccurate, incomplete, or misleading
  • • Training Data Dependencies: Model performance depends on the quality and relevance of training data
  • • Context Sensitivity: AI responses may vary based on input context and conditions
  • • Continuous Evolution: AI models are updated and may change behavior over time

2.1A AI Hallucination Disclaimer

Our AI products may sometimes generate fictitious, irrelevant, or fabricated content ("hallucinations"). Users must independently verify outputs before relying on them. Lagori AI LLP disclaims liability for damages arising solely from reliance on hallucinated content.

2.2 AI Decision-Making Disclosures

Decision-Making Limitations:

  • • Assistance Only: AI outputs are designed to assist human decision-making, not replace it
  • • No Professional Advice: AI recommendations do not constitute professional, legal, financial, or medical advice
  • • Human Oversight Required: All AI-generated decisions must be reviewed and validated by humans
  • • Risk Assessment: Users must independently assess risks associated with AI recommendations
  • • Final Responsibility: Users retain full responsibility for all final decisions and their consequences

2.3 AI Model Training and Bias Disclosures

Training and Bias Considerations:

  • • Historical Data Training: Models are trained on historical data that may not reflect current conditions
  • • Potential Bias: AI models may exhibit bias based on training data characteristics
  • • Representation Limitations: Models may not adequately represent all user groups or scenarios
  • • Cultural Context: AI responses may not account for cultural, regional, or contextual differences
  • • Ongoing Improvement: We continuously work to reduce bias and improve model fairness

3. User Responsibilities and Obligations

3.1 Primary User Responsibilities

You Are Responsible For:

  • • Validation of AI Outputs: Independently verifying all AI-generated information and recommendations
  • • Risk Assessment: Evaluating risks associated with AI-assisted decisions
  • • Compliance Verification: Ensuring AI usage complies with applicable laws and regulations
  • • Data Quality: Providing accurate, relevant, and appropriate input data
  • • Human Oversight: Maintaining human supervision over AI-powered processes

3.2 Implementation and Testing Responsibilities

Implementation Requirements:

  • • Thorough Testing: Testing AI solutions in controlled environments before deployment
  • • Performance Monitoring: Continuously monitoring AI system performance and accuracy
  • • Fallback Procedures: Establishing backup procedures when AI systems fail or produce errors
  • • User Training: Training users on AI system limitations and proper usage
  • • Regular Review: Periodically reviewing and updating AI implementation strategies

3.5 Regulatory Compliance Disclaimer

Our products are not guaranteed to ensure compliance with all applicable laws or sector-specific regulations. Users remain responsible for verifying that deployment of our products complies with:

  • • Financial services: SEBI, RBI, and PMLA/AML requirements
  • • Healthcare: CDSCO, NDHM, and applicable medical standards
  • • Public sector/government: MeitY and procurement security mandates
  • • Cross-border data: DPDP Act and GDPR/SCCs (where applicable)

3.3 Legal and Regulatory Compliance

Compliance Obligations:

  • • Sector-Specific Regulations: Understanding and complying with industry-specific AI regulations
  • • Data Protection Laws: Ensuring AI usage complies with data privacy and protection laws
  • • Intellectual Property: Respecting intellectual property rights in AI usage
  • • Export Controls: Complying with export control regulations for AI technology
  • • Ethical Guidelines: Following ethical guidelines for AI usage in your industry

3.4 Anti-Money Laundering (AML) and KYC Requirements

For financial and trading products, users must comply with Know Your Customer (KYC) and Anti-Money Laundering (AML) requirements mandated by SEBI, RBI, and the Prevention of Money Laundering Act, 2002. Lagori AI LLP may suspend or terminate access if KYC/AML obligations are not satisfied.

4. AI Product-Specific Risk Disclosures

4.1 Financial and Trading Products

Financial Risk Disclosures:

  • • Market Risk: AI trading recommendations do not guarantee profits or prevent losses
  • • Regulatory Compliance: Users must ensure compliance with SEBI, RBI, and other financial regulations
  • • Professional Advice: AI recommendations are not substitute for professional financial advice
  • • Risk Management: Users must implement appropriate risk management strategies
  • • Performance Variability: AI performance may vary significantly based on market conditions
  • • Regulatory Risk: For trading and investment products, users must review and comply with specific risk disclosures mandated by the Securities and Exchange Board of India (SEBI), Reserve Bank of India (RBI), and relevant circulars and guidelines. Refer to your product-specific agreement for further risk disclosures as required by Indian law.
  • • Suitability Warning: AI-powered financial and investment products are intended for users with appropriate domain expertise and risk appetite. Please carefully assess whether the product is suitable for your financial situation, knowledge, and experience before making investment or trading decisions.

4.2 Healthcare and Medical Products

Healthcare Risk Disclosures:

  • • Not Medical Advice: AI outputs do not constitute medical diagnosis or treatment recommendations
  • • Professional Consultation: Always consult qualified healthcare professionals for medical decisions
  • • Data Accuracy: AI recommendations depend on input data quality and completeness
  • • Regulatory Compliance: Ensure compliance with healthcare regulations and standards
  • • Patient Safety: Human oversight is critical for patient safety in AI-assisted healthcare

4.3 Retail and E-commerce Products

Retail Risk Disclosures:

  • • Inventory Management: AI predictions may not account for all market variables
  • • Customer Behavior: AI insights are based on historical patterns that may change
  • • Pricing Decisions: AI pricing recommendations require human validation and oversight
  • • Supply Chain: AI supply chain predictions may not account for external disruptions
  • • Competitive Analysis: AI competitive insights should be validated against market research

4.4 Security Standards and User Responsibilities

Lagori AI LLP aligns its security measures with international standards such as ISO 27001, SOC 2, and CERT-In guidelines. Users are responsible for:

  • • Maintaining strong passwords and enabling multi-factor authentication (MFA)
  • • Keeping devices, browsers, and apps updated
  • • Clearing cached data on shared/public systems

Failure to follow these responsibilities may compromise security beyond our control.

4.4 Public Sector and Government Products

Government Risk Disclosures:

  • • Regulatory Compliance: Ensure compliance with government procurement and security requirements
  • • Data Sovereignty: Understand data storage and processing location requirements
  • • Security Standards: Meet government security and privacy standards
  • • Audit Requirements: Maintain audit trails and compliance documentation
  • • Public Accountability: Consider public transparency and accountability requirements

5. Technical and Infrastructure Risk Disclosures

5.1 System Reliability and Performance

System Risk Disclosures:

  • • Uptime Limitations: We cannot guarantee 100% system availability or uptime
  • • Performance Variability: AI system performance may vary based on load and conditions
  • • Scalability Constraints: AI systems may have performance limitations under high load
  • • Integration Risks: AI system integration may affect existing system performance
  • • Maintenance Windows: Scheduled maintenance may temporarily affect AI functionality

5.2 Data and Privacy Risks

Data Risk Disclosures:

  • • Data Quality Dependencies: AI performance depends on input data quality and relevance
  • • Privacy Considerations: AI processing may involve data analysis and pattern recognition
  • • Data Retention: AI training data may be retained for model improvement purposes
  • • Third-Party Dependencies: AI systems may depend on third-party data sources
  • • Data Breach Risks: While we implement security measures, data breaches remain possible
  • • Breach Notification Commitment: In the event of a significant data breach or cybersecurity incident, Lagori AI LLP will promptly notify affected users and regulators in accordance with Indian law (including the DPDP Act and CERT-In guidelines), and will take all necessary remediation measures.

5.4 Cybersecurity Standards

Lagori AI LLP implements security protocols aligned with ISO 27001, CERT-In advisories, and RBI/SEBI cybersecurity circulars. Users are responsible for:

  • • Maintaining secure passwords and access credentials
  • • Not sharing login details with unauthorized persons
  • • Promptly reporting suspected unauthorized access

Failure to observe these obligations may result in suspension of services.

5.5 Insurance Disclaimer

Lagori AI LLP does not provide insurance, guarantees, or indemnification against losses, damages, or liabilities arising from the use of its AI products. Users are advised to seek independent insurance coverage where applicable.

5.3 Network and Connectivity Risks

Connectivity Risk Disclosures:

  • • Internet Dependencies: AI products require stable internet connectivity for optimal performance
  • • Latency Issues: Network latency may affect real-time AI response times
  • • Bandwidth Requirements: AI products may require significant bandwidth for data processing
  • • Geographic Limitations: AI performance may vary based on geographic location
  • • Third-Party Services: AI functionality may depend on third-party network services

6. Intellectual Property and Usage Disclosures

6.1 AI Model Ownership and Usage

Intellectual Property Disclosures:

  • • Model Ownership: All AI models, algorithms, and training data remain our property
  • • Usage Rights: Users receive limited license to use AI models for authorized purposes
  • • Modification Restrictions: Users may not modify, reverse engineer, or copy AI models
  • • Training Data Rights: We retain rights to use anonymized data for model improvement
  • • Derivative Works: Users may not create derivative works based on our AI technology

6.2 User-Generated Content and Data

User Content Disclosures:

  • • User Data Ownership: Users retain ownership of their input data and generated content
  • • Usage Rights: We may use anonymized user data for AI model improvement
  • • Data Processing: User data may be processed by AI systems for service provision
  • • Content Moderation: AI systems may filter or moderate user-generated content
  • • Data Retention: User data retention follows our Privacy Policy and applicable laws

7. Regulatory and Compliance Disclosures

7.1 Indian Regulatory Compliance

Indian Law Disclosures:

  • • DPDP Act 2023: Our AI products comply with Digital Personal Data Protection Act, 2023
  • • IT Act 2000: AI usage must comply with Information Technology Act, 2000
  • • Sector-Specific Regulations: Users must comply with industry-specific AI regulations
  • • Government Requirements: Government users must meet additional security and compliance requirements
  • • Local Jurisdiction: All disputes are subject to Indian law and Bengaluru jurisdiction

7.3 Dispute Resolution, Governing Law, and Arbitration

  • • Governing Law: This Agreement shall be governed exclusively by Indian law.
  • • Jurisdiction: Subject to arbitration below, courts at Bengaluru, Karnataka shall have exclusive jurisdiction.
  • • Arbitration: Any dispute shall be referred to a sole arbitrator appointed under the Arbitration and Conciliation Act, 1996. The arbitration proceedings shall be conducted in English, in Bengaluru, and the award shall be final and binding.
  • • Severability: If any provision of this Agreement is held invalid, the remaining provisions shall continue in effect.

7.4 Fairness Carve-Out

The limitations of liability in this Disclaimer shall not apply in cases of:

  • • Willful misconduct
  • • Gross negligence
  • • Fraud
  • • Unauthorized intellectual property infringement by Lagori AI LLP

7.2 International Compliance Considerations

International Compliance Disclosures:

  • • GDPR Compliance: EU users may have additional rights under GDPR
  • • CCPA Compliance: California users may have additional rights under CCPA
  • • Export Controls: AI technology export may be subject to international controls
  • • Cross-Border Data: Data may be processed in multiple jurisdictions
  • • Local Laws: Users must comply with applicable local laws and regulations

8. Force Majeure and Unforeseen Events

8.1 Force Majeure Disclosures

Force Majeure Events:

  • • Natural Disasters: AI product availability may be affected by natural disasters
  • • Government Actions: Regulatory changes may affect AI product functionality
  • • Infrastructure Failures: Internet or cloud infrastructure failures may affect AI services
  • • Third-Party Failures: AI product dependencies on third-party services may cause disruptions
  • • Cybersecurity Incidents: Security incidents may temporarily affect AI product availability

8.2 Mitigation and Recovery

Mitigation Measures:

  • • Backup Systems: We maintain backup systems and disaster recovery procedures
  • • Alternative Delivery: We may implement alternative delivery methods during disruptions
  • • User Notification: Users will be notified of significant disruptions and recovery efforts
  • • Service Restoration: We prioritize restoration of critical AI functionality
  • • Compensation: We may provide compensation for extended outages as appropriate

9. Limitation of Liability and Disclaimers

9.1 Liability Limitations

Liability Disclosures:

  • • Limited Liability: Our total liability is limited to fees paid in the preceding 12 months
  • • Absolute Cap: Maximum liability is capped at ₹1,00,000 (One Lakh Rupees)
  • • Excluded Damages: We are not liable for indirect, consequential, or punitive damages
  • • Force Majeure: No liability for damages caused by force majeure events
  • • User Negligence: No liability for damages caused by user negligence or misuse

9.3 Exceptions to Liability Limitations

Nothing in this Agreement excludes liability for:

  • • Fraud, gross negligence, or willful misconduct by Lagori AI LLP
  • • Breaches of confidentiality or data protection obligations caused by the Company
  • • Death or personal injury caused by Company's negligence, to the extent required under Indian law

9.2 AI-Specific Liability Disclosures

AI Liability Limitations:

  • • No AI Accuracy Guarantee: We do not guarantee AI model accuracy or reliability
  • • User Decision Liability: Users are solely liable for decisions made based on AI outputs
  • • Model Performance: No liability for AI model performance variations or failures
  • • Training Data Limitations: No liability for AI outputs affected by training data limitations
  • • Bias and Fairness: No liability for AI model bias or fairness issues

10. User Acknowledgment and Consent

10.1 Required Acknowledgments

By Using Our AI Products, You Acknowledge:

  • • Risk Understanding: You understand the risks and limitations of AI technology
  • • Responsibility Acceptance: You accept full responsibility for AI-assisted decisions
  • • Professional Advice: You will seek professional advice when appropriate
  • • Compliance Obligation: You will comply with all applicable laws and regulations
  • • Ongoing Review: You will regularly review and update your AI usage practices

10.2 Consent and Agreement

Your Consent and Agreement:

  • • Disclosure Acceptance: You have read and understood all disclosures in this agreement
  • • Risk Acceptance: You accept the risks associated with AI product usage
  • • Liability Acceptance: You accept the liability limitations outlined in this agreement
  • • Compliance Agreement: You agree to comply with all terms and conditions
  • • Ongoing Compliance: You agree to maintain compliance throughout product usage

11. Updates and Modifications

11.1 Disclosure Updates

Update Process:

  • • Regular Reviews: We regularly review and update this disclosure agreement
  • • Material Changes: Material changes will be communicated with 30 days advance notice
  • • User Notification: Users will be notified of updates through multiple channels
  • • Acceptance Required: Continued use constitutes acceptance of updated disclosures
  • • Right to Terminate: Users may terminate usage if they disagree with changes

11.2 Communication Methods

Update Communication:

  • • Email Notifications: Direct email communication for significant changes
  • • Website Updates: Updated disclosures posted on our website
  • • In-App Notifications: Updates communicated within our products
  • • User Dashboard: Notifications available in user account dashboards
  • • Social Media: Major changes announced through social media channels

12. Contact Information and Support

12.1 Disclosure-Related Support

For Questions About This Disclosure:

  • • Legal Department: legal@lagori.ai
  • • Product Support: support@lagori.ai
  • • Privacy Concerns: privacy@lagori.ai
  • • Phone: +91 9886644123
  • • Address: Lagori AI LLP, #402, Pyramid Pinnacle Apartment, 35th A Cross, 17th Main, JP Nagar 6th Phase, Bengaluru-560078

12.3 Grievance Redressal and Regulatory Escalation

For any disputes, unresolved complaints, or issues arising from your use of our AI products, you may contact our Grievance Officer at legal@lagori.ai. If your concern is not resolved to your satisfaction, you have the right to escalate the matter to the appropriate legal or regulatory authorities as outlined in our Terms of Service and Privacy Policy.

12.4 Regulatory Escalation Contacts

If your grievance remains unresolved, you may escalate to:

These escalation mechanisms do not preclude your right to seek other legal remedies.

12.2 Business Hours and Response Times

Support Availability:

  • • Standard Hours: Monday to Friday, 9:00 AM - 6:00 PM IST
  • • Emergency Support: Available for enterprise clients
  • • Response Time: Initial response within 24 hours
  • • Escalation: Complex issues escalated within 48 hours
  • • Documentation: Comprehensive online documentation available

12A. Related Documents

This Disclosure Agreement should be read in conjunction with our:

  • • Terms of Service
  • • Privacy Policy
  • • Product-specific risk statements and disclaimers

Together, these documents form the complete legal understanding between you and Lagori AI LLP.

12B. Survival of Obligations

The following obligations shall survive termination of this Disclaimer:

  • • Confidentiality
  • • Indemnification
  • • Limitation of liability (subject to fairness carve-out)
  • • Governing law, jurisdiction, and arbitration
  • • Regulatory compliance obligations

13. AI Hallucination and Third-Party Disclaimer

AI Hallucinations:

Users acknowledge that AI systems may generate fictitious, irrelevant, or non-factual information ("hallucinations"). Users must independently verify outputs before relying on them.

Third-Party Services:

Lagori AI LLP is not liable for outages, inaccuracies, or failures caused by third-party APIs, data sources, or service providers integrated into our products.

14. Severability and Non-Waiver

Severability:

If any provision of this Disclosure Agreement is held to be invalid, illegal, or unenforceable, the remaining provisions shall continue in full force and effect.

Non-Waiver:

The failure of Lagori AI LLP to enforce any provision of this Agreement shall not constitute a waiver of that provision or any other provision.

Final Acknowledgment and Agreement

By using Lagori AI LLP's AI products, you acknowledge and agree that you have:

  • • Read and Understood: All disclosures contained in this agreement
  • • Accepted Risks: All risks and limitations associated with AI technology
  • • Assumed Responsibility: Full responsibility for AI-assisted decisions and actions
  • • Agreed to Terms: All terms, conditions, and limitations outlined herein
  • • Committed to Compliance: Ongoing compliance with applicable laws and regulations

CRITICAL NOTICE: If you do not agree to these disclosures or cannot accept the associated risks, you must immediately cease using our AI products. Continued use constitutes acceptance of all disclosures and associated risks.

This Disclosure Agreement is effective as of May 15, 2025, and applies to all current and future AI products from Lagori AI LLP.