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What is Innovative Contracts

Innovative and Agile Contracting for Digital Transformation and Industry 4.0
Contracting structure that enables the maximization of opportunities and reduction of risk based on agile and smart features.
Published in Chapter:
Artificial Intelligence Effects on Contracts and Contracting
Fatmah Baothman (King Abdulaziz University, Saudi Arabia)
DOI: 10.4018/978-1-7998-4501-0.ch008
Abstract
Artificial intelligence (AI) will continue to disrupt everything in the future; in the authors' view, AI needs a couple of years for perfect implementation. We need to minimize future AI negative impacts by passing suitable risk avoidance mechanisms for reaching global human satisfaction. Artificial intelligence has a critical role in converting the unstructured documents into structured enterprise data. Through implementing AI in contractual management, enterprises can get assistance in assessing risks and opportunities of businesses. The mission will be to develop and implement an AI strategy for the organization by selecting the best AI techniques and methodology for advancing legal documents' manipulation to assist managers in implementing and generating contracts and contracting analysis.
Full Text Chapter Download: US $37.50 Add to Cart
More Results
The Effect of Innovative Contracts on the Business Behaviors in the Context of IoT
Contracting structure that enables the maximization of opportunities and reduction of risk based on agile and smart features.
Full Text Chapter Download: US $37.50 Add to Cart
Employee Selection and Recruitment Contracts in the Digital Transformation Era
Contracting structure that enables the maximization of opportunities and reduction of risk based on agile and smart features.
Full Text Chapter Download: US $37.50 Add to Cart
Using Blockchain for Smart Contracts
Contracting structure that enables the maximization of opportunities and reduction of risk based on agile and smart features.
Full Text Chapter Download: US $37.50 Add to Cart
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