ARTICLE
19 December 2024

Considering The Impact Of AI Across Different Types Of Commercial Contracts (Podcast)

AO
A&O Shearman

Contributor

A&O Shearman was formed in 2024 via the merger of two historic firms, Allen & Overy and Shearman & Sterling. With nearly 4,000 lawyers globally, we are equally fluent in English law, U.S. law and the laws of the world’s most dynamic markets. This combination creates a new kind of law firm, one built to achieve unparalleled outcomes for our clients on their most complex, multijurisdictional matters – everywhere in the world. A firm that advises at the forefront of the forces changing the current of global business and that is unrivalled in its global strength. Our clients benefit from the collective experience of teams who work with many of the world’s most influential companies and institutions, and have a history of precedent-setting innovations. Together our lawyers advise more than a third of NYSE-listed businesses, a fifth of the NASDAQ and a notable proportion of the London Stock Exchange, the Euronext, Euronext Paris and the Tokyo and Hong Kong Stock Exchanges.
In this podcast, experts Alex Shandro and Jane Lavin discuss how AI is reshaping commercial contracts, highlighting the need for businesses to incorporate AI-specific protections, audit existing contracts, and adopt a technology-driven approach to mitigate AI-related risks.
United Kingdom Technology

In this podcast, Alex Shandro, a partner in our AI practice based in London, and Jane Lavin, a senior knowledge lawyer in our digital, data, IP and technology team based in London, discuss how AI is driving new types of commercial contracts and a wide range of new contract protections to address the expansive legal risks raised by AI.

As AI is now pervasive, it is impacting almost every type of commercial arrangement, even if not immediately apparent. An immediate priority for businesses in navigating AI risks is to audit their universe of commercial contracts and contract templates and build in appropriate AI-specific protections.

Listeners will learn about the wider AI contracting landscape as well as key IP and data related protections and liability allocation, and the nuanced outcomes that are often reached in negotiations. Listeners will also learn about the importance of a technology and use case-led approach to negotiating AI contract protections and the need to consider these holistically alongside non-contractual mitigants.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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