Providers of information technology products and services are urgently integrating various generative artificial intelligence-based (AI) solutions into their offers and attempting to alter existing agreements with their customers. However, Jeffrey Harvey and Sharon Harrington of Hunton caution that these amendments could potentially be prejudiced in favor of the vendors.
Amid the rapid adoption of AI, understanding contract law principles is becoming increasingly critical for corporations and law firms alike to safely navigate these technological changes. It is crucial to maintain fairness in agreements and avoid any adverse impacts from unilateral changes in the terms of the contracts.
Stephen Hawking has once stated that the advent of comprehensive artificial intelligence may pose risks for humanity. Although potentially ominous, in the context of contract law this quote emphasizes the necessity for attentive legal navigation as businesses venture further into incorporating artificial intelligence within their operational models.
Further insights from Jeffrey Harvey and Sharon Harrington on how to pay attention to contract law tenets amid AI incorporation can be found in their original Law360 article.