As the power of AI has increased dramatically over the past several years, so too has organizations’ desire to harness that power. Although contracts for AI applications bear some resemblance to other tech contracts, they also present novel issues, including concerns over ownership and use of an AI system’s data and output. To help organizations navigate these challenging waters, we distill insights offered by Manatt partners during a firm program about the evolving legal and regulatory environment affecting AI, issues to address when considering an AI application and key AI contract terms. See “Innovation and Accountability: Asking Better Questions in Implementing Generative AI” (Aug. 2, 2023).