It's a fight between artificial intelligence ('AI')
and natural stupidity.
Jokes apart, there's a lot of discussion these days on
increasing use of AI in contract drafting, review and
negotiations.
As I've discussed many times, the biggest challenge in
contracts (be it drafting, review or negotiations) is
non-application of mind on part of parties themselves and the
professionals navigating them through it. A mechanical approach as
you may call it! With the introduction of AI, it's going to be
even worse, I dread.
Human intelligence (if any, and if applied, in that order!)
still remains crucial and differentiator in the processes of
drafting, reviewing, and negotiating contracts, even as AI is
increasingly integrated into contract management processes.
