Current Developments With Legal Contracts And Technology – CFBL Steering Group Output

This steering group output was produced by CFBL Consulting, a member of IPFA. 

Contract management is set to undergo decades of change as a result of recent advancements in generative AI. The creation, evaluation, and tracking of contracts could all be fundamentally altered by these new technologies. One viewpoint is that they could obscure procedures and increase reliance on lawyers. Alternately, they may enable the common person to better comprehend legal language and democratise our interaction with legal contracts.