The Impact of Artificial Intelligence on Contract Law: A Legal Analysis

Abstract

Artificial Intelligence (AI) is transforming various sectors, including law, with profound implications for contract law. This paper explores how AI technologies such as machine learning algorithms and smart contracts challenge traditional legal principles in the formation, interpretation, performance, and enforcement of contracts. It discusses the complexities AI introduces regarding legal responsibility and proposes a framework to integrate AI into contract law while ensuring fairness and accountability. Key considerations include AI's capacity to negotiate autonomously, interpret contract terms impartially, and enforce agreements through innovative technologies like blockchain. As AI continues to evolve, balancing legal principles with technological advancements remains crucial for the future of contract law.

Keywords: Artificial intelligence, Contract law