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The Legal Implications of AI: What Every Board Should Know

Featuring: Fred Wilf, Founder and Managing Partner, Wilftek LLC
July 11, 2025

Artificial Intelligence (AI) is rapidly transforming the business landscape, with AI providers offering higher growth at lower cost. But for board members, this promise of opportunity comes with increased legal exposure.

Whether the issues facing boards involve M&A due diligence for AI-driven companies, adding AI tools to daily operations, or protecting and respecting intellectual property in the age of AI, they share common themes.  Fred will provide essential pointers to help board members identify and address AI-related legal risks while supporting company innovation.

Topics will include:

How to assess AI-related legal risks during M&A diligence (IP ownership, licensing issues, undisclosed training data)

Understanding and mitigating legal risk from using AI tools internally or offering them commercially

Essential AI-related contract provisions (liability, indemnification, SLAs, and IP rights in prompts and outputs)

How emerging laws and frameworks can help board members balance competing fiduciary duties of increasing opportunity and minimizing risk

Fred Wilf is the founder and managing partner of Wilftek, a small law firm that represents clients of all sizes, from one-person startups to SMEs to Fortune 500 multinational companies. Most of the firm’s services address legal issues faced by the development, deployment and use of technology in business.

For more than 30 years, Fred has been helping clients succeed across multiple industries including healthcare, chemicals, electronics, and business services. His work spans the full lifecycle of technology, from idea and development through commercialization and eventual sale or transition. Whether advising on strategy or helping implement a plan, Fred partners closely with clients to accomplish their goals.

Wilftek is a boutique law firm, but Fred has also worked with a large national firm (Saul Ewing) and an international law firm (Morgan, Lewis & Bockius). Fred has also briefly worked in-house with a chemical company and with a telecommunications company.

Alongside his transactional work, Fred serves as an arbitrator in business, technology, and intellectual property disputes, primarily through the American Arbitration Association and the International Centre for Dispute Resolution. This arbitration experience gives him valuable insight into how and why business relationships break down, which in turn helps him guide clients in building stronger, more resilient agreements from the start.

Fred gives back to the community as well. Fred has spoken at countless continuing legal education (CLE) seminars and has taught two classes at a local law school. For five years, Fred edited a four-volume treatise on legal issues in computer software. For over 20 years, Fred has volunteered with Philadelphia Volunteer Lawyers for the Arts.

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© 2025 Executive Leaders for Advisory Boards. All Rights Reserved.

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