When parties cannot agree on the meaning of word or phrase in a contract and decide to litigate the dispute, courts have many long-followed rules for interpreting the correct (winning) meaning of the disputed terms. These rules have always assumed one or both of the parties (or their lawyers) was the drafter of the contract.

Editor’s Note: AI oversight has become a board-level imperative. As artificial intelligence reshapes operations and risk profiles, corporate directors face rising scrutiny from regulators, shareholders, and stakeholders demanding real accountability. This in-depth article explores the widening gap between AI deployment and governance readiness—and why boards must move beyond symbolic oversight to embrace meaningful, independent governance