The Impact of Artificial Intelligence on Contract Law: Challenges and Opportunities

Abstract

This paper delves into the transformative influence of artificial intelligence (AI) on contract law, meticulously examining the challenges and opportunities that arise from this symbiosis. Beginning with an exploration of the historical context of contract law, the study navigates through the evolving landscape of AI's impact on contract formation, interpretation, and performance. The analysis extends to the intricate web of liability and accountability issues, shedding light on the complex legal considerations in an era of AI-mediated contractual relationships. Surveying the regulatory frameworks and ethical dimensions, the paper strives to provide a comprehensive understanding of the dynamic interplay between AI and contract law. Real-world case studies serve as illustrative anchors, offering tangible insights into the practical implications. The paper concludes by synthesizing key findings and proposing recommendations for stakeholders, foreseeing the trajectory of this intersection and laying the groundwork for future research and legal developments.