Limitations of Liability in AI Contracts
Thomson Reuters and Celesq Webinar
May 19, 2020
Adoption of AI technology within a business carry’s unique risks not present on premises software or non-AI based cloud solutions. It is common for technology vendors to contractually limit liability for direct damages even those caused by the negligence of the vendor. Limitations of liability clauses in AI contracts are particularly important given the unsettled nature of the law in this area. Harvard Business Review Predicts AI will add $13 trillion to the global economy from 2019-2029. Listen as Robert J. Scott discusses how to mitigate risks when entering into AI contacts.
You will learn:
- Special considerations for risk balancing
- Limitation of liability
- Newly enacted and pending legislation affecting AI