Contract for delivery of artificial intelligence

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Reference no: EM133804102

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Legal Remedies with short answers

Problem 1: Two corporate entities are entering into a contract for the delivery of artificial intelligence. Both companies are concerned about potential liability since this technology is so new. Each party desires to limit their liability for potential resultant damages. What do you advise?

Problem 2: Attorney Michelle Mitchell signs up a new corporate client in Georgia. The contractual agreement is for her to provide legal advice on an ongoing basis. The contract is for five years and automatically renews for another five-year term unless either party provides advance written notice of termination thirty days prior to the end of the five-year term. In the contract, attorney Mitchell drafts a damages' clause in the event the corporate entity terminates the contract early. If such an event occurs, attorney Mitchell would receive the balance monies owed under the contract prior to the end of the contract plus the amount owed during the next five-year renewal term. Is this damages' clause valid? Why or why not?

Reference no: EM133804102

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