Artificial intelligence (AI) is becoming an essential tool for
businesses, offering automation, improved decision-making, and
efficiency gains. However, acquiring AI solutions is different from
purchasing traditional software. AI systems evolve, require vast
amounts of data, and introduce unique risks, including regulatory
compliance, liability concerns, and data protection challenges.
Businesses in Europe and Switzerland must carefully assess
vendor contracts to ensure they are not exposed to unnecessary
legal and operational risks. This article outlines the essential
matters that businesses should consider when procuring AI
solutions.
Due Diligence Considerations
Before entering into any contractual agreement, businesses
should thoroughly assess potential AI vendors. A well-structured
due diligence process helps identify risks before they become
contractual disputes.
