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Elena Favaro Viana

Elena Favaro Viana

Founding and Managing Partner of EFV Legal, a boutique Canadian business law firm serving women founders, entrepreneurs, and small business owners.

Sep 8, 2026

26:50
Is that something that you're seeing more where people are kind of like skipping that step? And what are your thoughts around that with AI? Evie, this is such a hot topic question.
26:58
I'm actually really impressed with your questions because this question is so hot topic right now.
27:03
And it's, it's so, it's so, so, so interesting.
27:05
So like, I love AI.
27:06
Like I want to really preface this.
27:07
Like I think AI is phenomenal as a tool.
27:10
Okay.

6 MINS LATER

33:25
And I
5:01
What are the risks, Elena, of using AI-generated legal agreements?
5:06
I love this question.
5:08
I am not a hater of AI and I really need to preface that.
5:11
But what I'm seeing is a clear division in business owners, those that are trying to save a buck by using AI generated contracts.
5:19
And then the other camp, which I'm saying, honestly, I'm quoting a little bit more of the sophisticated business owner that is running to their lawyer instead, because the sophisticated business owner is understanding that AI is only taking us so far.
5:32
And without the right lens on how to interpret the contract that's being generated, because I've seen some of these AI contracts, like they look beautiful, like they truly look professional.
5:42
But when you start looking under the hood, all you're doing is opening yourself up to unnecessary risk, unnecessary liability.
6:48
that's a valuable advice because trying to save money on automated contracts can end up costing costing us thousands and thousands and unprotected liabilities legal disputes down the road so thank you so much for highlighting that for our listeners elena um now let's shift our focus to the ultimate goal for many founders out there and discuss how to prepare our business for a successful sale um elena how can business owners prepare their company for a successful exit

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