Cost Savings on Legal Documents Come with Potential for Costly Mistakes
In Singapore, some small-business owners are turning to AI tools like ChatGPT for drafting legal documents such as employment contracts and supply agreements. While this approach can save thousands of dollars compared to hiring a lawyer, experts caution that the quality of AI-generated contracts depends heavily on the user’s expertise. Lawyers warn that lack of proper legal knowledge may lead to costly mistakes, as AI can produce errors or overlook critical details in legal documents. Careful crafting of prompts is essential for minimizing these risks, according to Andrea Chee, director at AEI Legal.
