ChatGPT Will Come for Partners’ Work in Contract Law, Says Prof

David Hoffman, a law professor at the University of Pennsylvania, believes that generative artificial intelligence could revolutionise contract law. In a research paper co-authored with Yonathan Arbel, Hoffman argues that generative interpretation could provide courts with a cheap and predictable methodology for contract interpretation, reducing ambiguity and making litigation less common. The paper takes readers through real-life cases that turned on the interpretation of contract terms and shows how large language models can consider evidence outside of the simple words in a contract. However, parties would first need to develop trust in the models despite their flaws, and an enterprising law firm may need to establish the precedent with a robust client to insist on its terms.

Source: Bloomberg Law