It has been said the use of Artificial Intelligence (AI) contracting software has the potential to improve how all firms contract, affecting the processes by which firm’s contract, by changing the tools firms use to contract, and by altering the actual content of contracts – AI is indeed beginning to have a substantial impact., and will likely be far more disruptive to the legal profession than the move in the previous century from electric typewriters to electronic word processors and word processing software.
However, this technology has not yet matured, and is not likely to until the very significant barriers facing AI usage in contract law are addressed and mitigated.
Discuss what some of these barriers might be and how an organization can go about removing them in order to embrace the many benefits of AI in contracts.
Need 700 words
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