Contracting for AI: Best practices and pitfalls

In this episode, Partner Simon Lightman  and  Senior Associate Joanna Hooper discuss essential considerations for drafting and negotiating AI contracts. They explore critical issues facing both customers and suppliers, including:

    • The evolving landscape of AI regulation and responsible AI
    • Data integrity, ownership, and licensing
    • The "black box" problem and AI hallucinations
    • Cyber risks and vulnerabilities
    
Whether you’re on the buying or selling side, this episode will equip you with valuable knowledge to navigate the complexities of AI contracts effectively.

About the series 

Since its enforcement on August 1, 2024, the EU AI Act has created significant challenges for businesses. Companies across various sectors have had to navigate new compliance requirements, adapt their AI systems to meet stringent regulations, and invest in additional resources to ensure adherence. As a result, many businesses face increased operational costs and need continuous monitoring and updates to their AI technologies.

Our series aims to shine a light on the complexities of this groundbreaking legislation and provide businesses with clear, actionable guidance on how to navigate its evolving requirements.

Discover our new AI literacy eLearning module

Starting in February 2025, Article 4 of the EU AI Act mandates AI literacy for all employees connected to the EU and interacting with AI systems. Our team has developed a comprehensive, paid training program that covers technical aspects, the EU AI Act, ethical considerations, and practical applications. Ensure your team is prepared and compliant. Find out more about our AI literacy eLearning module.