Artificial intelligence is reshaping the business of IT from the farms to the trading desks on Wall Street. Harvard Business review predicts that AI will add $13 trillion to the global economy over the next decade. Like all transformative technologies, the promise of AI comes with great risks. Our lawyers and technology consultants are dedicated to helping our clients realize the opportunity of AI while mitigating the risks. Our services include:
AI Contracting – contracting for AI services represents unique challenges not present in IT contracting for traditional software and professional services. Our lawyers have developed a complex term sheet builder for AI contracts designed to ensure that the parties have fully negotiated all of the key terms related to intellectual property ownership and service level agreements designed to align the services with the desired business outcomes.
IP Protection – traditional legal intellectual property concepts will slowly adapt to AI but for now the law is trailing the technology and creating significant IP risks for vendors and consumers of AI based technologies. Scott & Scott, LLP can assist your company with protecting your intellectual property in connection with artificial intelligence projects.
Regulatory Compliance – as AI is deployed in regulated industries and vendors gain access to customer data, significant regulatory compliance issues arise with even the most simple artificial intelligence projects. Understanding and mitigating the regulatory implications of AI initiatives is critical to success.