By Spencer Williams.
Consider a hypothetical consumer-to-consumer contract: Alice wants to sell her car to Bob. Alice and Bob are not lawyers, nor do either of them have any prior experience buying or selling used cars. Having agreed on a price, they must decide how to represent and effectuate their contract. Until recently, they had four options: (1) use an oral “handshake” contract; (2) write a contract themselves; (3) fill in a form contract obtained from the DMV or a consumer-facing legal service provider such as Rocket Lawyer; or (4) pay a consumer law attorney hundreds of dollars to draft a contract. Today, they have a fifth option: ask a generative AI model to write their contract. Full Article.