---
title: "Diligence an AI vendor for a US adviser or broker-dealer client"
url: "https://ailawframework.com/practice/technology-media-and-telecommunications-it-contracts/review-a-vendor-contract-against-the-technology-playbook/united-states"
type: "task_jurisdiction_version"
site: "AI Law Framework"
id: "A24-T1-R1-US"
practice_area: "Technology, Media & Telecommunications / IT Contracts"
tier: "yellow"
lawyer_review: "required"
jurisdictions: ["US"]
last_reviewed: "2026-09-23"
---

# Diligence an AI vendor for a US adviser or broker-dealer client

> Extract the vendor’s AI-capability claims and data-use terms for comparison with the client’s Form ADV or marketing copy.

Canonical page: https://ailawframework.com/practice/technology-media-and-telecommunications-it-contracts/review-a-vendor-contract-against-the-technology-playbook/united-states  
Last reviewed: 2026-09-23

Site index for agents: https://ailawframework.com/llms.txt

## Key facts

| Fact | Value |
| --- | --- |
| Practice area | [Technology, Media & Telecommunications / IT Contracts](https://ailawframework.com/practice/technology-media-and-telecommunications-it-contracts.md) |
| Human involvement | Yellow: Lawyer and AI draft together |
| How AI is used | Extract the vendor’s AI-capability claims and data-use terms for comparison with the client’s Form ADV or marketing copy. |
| What the lawyer must review | Check the client's AI-use claims against SEC 2024-36 and the Marketing Rule Apply Formal Opinion 512 and Rule 1.6 to your own use of tools on the file |
| Written for | United States |
| Applies to | [Review a vendor contract against the technology playbook](https://ailawframework.com/practice/technology-media-and-telecommunications-it-contracts/review-a-vendor-contract-against-the-technology-playbook.md) |

## Checking plan

- What the AI does: Extract the vendor’s AI-capability claims and data-use terms for comparison with the client’s Form ADV or marketing copy.
- Basis: Checked against the linked sources on 23 September 2026. Confirm the current instrument before reliance.

## Sources

- [SEC press release 2024-36, charges against two investment advisers for AI-related misstatements](https://www.sec.gov/newsroom/press-releases/2024-36) (checked 2026-09-23)
- [ABA Formal Opinion 512, Generative Artificial Intelligence Tools (29 July 2024)](https://www.americanbar.org/content/dam/aba/administrative/professional_responsibility/ethics-opinions/aba-formal-opinion-512.pdf) (checked 2026-09-23)
- [ABA Model Rule 1.6, Confidentiality of Information](https://www.americanbar.org/groups/professional_responsibility/publications/model_rules_of_professional_conduct/rule_1_6_confidentiality_of_information/) (checked 2026-09-23)

*Practice guidance for planning and review. Confirm current primary sources and the requirements of the actual matter. This is general information, not legal advice.*