Contracting: Is Generative AI Really Making a Difference?

Tim Cummins () and Sally Guyer ()
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Tim Cummins: Commerce and Contract Management Institute, World Commerce and Contracting
Sally Guyer: World Commerce and Contracting, WorldCC Foundation

A chapter in Generative AI, Contracts, Law and Design, 2025, pp 35-45 from Springer

Abstract: Abstract Artificial IntelligenceIntelligence is not new and has been evident in the contracting process for a decade or more. But this was largely an additional functionality embedded in Contract Lifecycle Management (CLM)Contract Lifecycle Management (CLM) systems, initially operating entirely within an organization’s own systems. While Cloud computing introduced a new dimension, it did not take data into the public domain. When Generative AIGenerative AI (GenAI) burst onto the scene in 2022, it represented a revolutionary change. Suddenly, from being a hidden presence within enterprise software, it was freely available on laptops and mobile devices. This was accompanied by the typical reaction to technological innovationInnovationa mix of excitement, fear, skepticism and wild over-optimism. While there is no question that GenAI will have significant impact on contracting, this chapter explores the impact to date and anticipates the way that this will evolve.

Keywords: Blockchain; Digital; Generative AI; Smart contracts (search for similar items in EconPapers)
Date: 2025
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DOI: 10.1007/978-981-95-2058-9_3

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