What are the best practices for using AI in contracts?
An example of an AI chatbot conversation about best practices for AI in contracts.
What are the best practices for using AI in contracts?
The best practices include ensuring data quality, maintaining transparency, and regularly auditing AI decisions.
How can I ensure data quality for AI in contracts?
You can ensure data quality by using clean, well-structured data and continuously updating it to reflect current conditions.
What are the risks of using AI in contract management?
Risks include bias in decision-making, data privacy concerns, and potential lack of accountability.
Can AI help in contract negotiation?
Yes, AI can analyze terms, suggest improvements, and even simulate negotiation scenarios to optimize outcomes.
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