The advancement of artificial intelligence (AI) technology has
led to its increasing application in various sectors, including the
legal profession. One area where AI is being utilised is in
contract generation. While AI-generated contracts offer numerous
benefits, such as increased efficiency and reduced costs, they also
present several challenges and potential issues. This article
explores some of the common issues associated with AI-generated
contracts.
Accuracy and Completeness
One of the main concerns with AI-generated contracts is the
potential for inaccuracies or omissions. AI systems are trained on
vast datasets of existing contracts and legal documents, but they
may not always capture the requirements of specific situations or
the latest legal developments. In New Zealand, where contract law
is primarily based on common law principles and statutory
provisions, AI systems may struggle to incorporate recent case law
or legislative changes accurately.
