AI & Law: Computable Contracts
by Dr. Lance B. Eliot
For a free podcast of this article, visit this link https://ai-law.libsyn.com/website or find our AI & Law podcast series on Spotify, iTunes, iHeartRadio, plus on other audio services. For the latest trends about AI & Law, visit our website www.ai-law.legal
Key briefing points about this article:
- Contracts are typically a key element of any legal practice and the work efforts therein
- Computing aids the drafting of legal contracts, albeit somewhat simply so
- Law practices are adopting Contract Lifecycle Management (CLM) tools
- Computable contracts are being advanced via legal scholars and LegalTech vendors
- AI is ultimately an integral component in the future of such contracts
Introduction
Molding clay is an invigorating experience, though it can also have its share of frustration and exasperation.
Perhaps you’ve perchance molded clay, or at least you’ve seen others do so. The idea is that you take a raw lump of clay and gradually knead and mold it into whatever kind of object or shape that you are trying to ultimately produce. When attempting to make a clay bowl, you can use your fingers to try and hollow out a boxy bulk of clay and hone the…
