Here's a case that shows how one word can make a huge difference in a contract.
Dimebag Darrell's trust sued Dean Guitars for using Dime's likeness and endorsement after the licensing agreement ended.
Long story short, Dean Guitars won because the agreement required ceasing production of the endorsed guitars upon "termination," not "termination or expiration."
The agreement expired; it was never terminated. That single drafting choice cost the Trust its core contract breach theory.
This is a pet issue of mine, but: if you "save $800/hr on legal drafting fees" by having Claude write your contracts, are you going to catch that "or expiration" is missing?
Maybe you would, maybe not.
Maybe it will never matter. But it when it does, that $800/hr will have been worth it.
@realEstateTrent When my kids played little league, the local ball field had a sign facing the bleachers that said “Parents Relax. No college scholarships are being given away today.”
Everything that everyone in every job can do in front of a computer, AI can appear to do right now.
People pick lawyers for the example because lawyers are a generally unlikeable bunch and because people think we went to school to unlock the paywalled Dictionary expansion pack.
Zillow didn’t make realtors obsolete. If anything, it reinforced their value.
The tech to cut out advisors has existed for years. Contracts are standardized. Information is everywhere.
But at a certain price point, the stakes get too high to go it alone.
That’s where experience, relationships, and negotiation matter. Things technology can’t replace.
There’s a bigger lesson here, especially right now.
With the separation of the Valley law firm's legal services and back-office operations, Brandon Rafi remains sole owner of the law firm and majority owner of the services business. https://t.co/YsVj4J9LFD
FSD saved my wife from a bad collision last month. Got a green arrow to turn left in a large intersection. FSD came to a sudden stop mid turn. My wife thought FSD was glitching and went to disengage. Suddenly, a car, perpendicular to her, ran the red light and blew by in front of her.
Has your current firm been transparent about partnership and what that looks like? Sounds like you may have built significant good will with your current firm. Law firms (like any business) like to keep good people, particularly people that want to be there. Bring them into the conversation.
Suing ChatGPT for the unlicensed practice of law after it gave awful legal advice is sad and very funny at the same time.
And guess who the plaintiff hired to sort this out? Not another AI, but Sidley Austin.
Jobs are still looking pretty safe from where I'm sitting.