AI Vendors will draft contracts that limit their exposure in the event of a lawsuit. What are the most likely issues litigated in a commercial contract for artificial intelligence?
Data is the currency of AI. You need to ensure that you are protecting your data and making sure you have recourse in the event your data is compromised. Negotiating the right contractual language is key to mitigating risk.
Data Security, Data Poisoning, and Confidentiality are all issues that arise when an AI contract goes wrong.
By simply entering data, confidential information, or intellectual property into an AI functionality, you could be giving up your rights in that material. When negotiating with ERP vendors like SAP, Oracle, and Infor, you need to understand what rights that AI vendor has in any inputs, and more importantly, what rights you might be giving up in those inputs.