10/05/2026
Last week, Allan Oziel and Thassiane Gossler joined Counselwell for a session with in-house counsel from financial services companies on AI contracting and the development of a practical AI procurement playbook.
The session explored how legal teams can assess AI-enabled products before contracting, conduct AI-specific vendor due diligence, and translate those findings into appropriate contractual protections.
The discussion covered data use and model training, third-party models, Outputs and intellectual property, accuracy and performance, human oversight, changes to AI models, liability, and exit planning.
A key takeaway was that there is no single set of AI contract terms that works for every deployment. The contracting approach should reflect the specific use case, the data involved, how much the organization will rely on the Output, the level of autonomy given to the system, and the consequences if something goes wrong.
Thank you to Counselwell and everyone who joined us for the discussion.