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legal risk
What is Legal Risk? John Spacey, updated on
1. Regulatory RiskA risk of changes to regulations that result in new compliance costs.2. Compliance RiskThe potential for fines and penalties for an organization that fails to comply with laws and regulations.3. Contract RiskThe potential for a partner, customer or supplier to fail to meet the terms of a contract resulting in losses. Contract risk can also result from your failure to meet the terms of a contract resulting in penalties or legal disputes.4. Non-contractual RightsThe potential for a third party to infringe on its non-contractual obligations to you. For example, a competitor who infringes on your patents.5. Non Contractual ObligationsThe potential for you to infringe on a third party's rights such as trademarks or patents resulting in legal costs and penalties.6. Dispute RiskThe potential for a legal dispute to arise as a result of your business activities.7. Reputational RiskThe potential a decline in reputation due to legal actions. For example, if regulators charge a company for breaking the law the company may lose customers, employees and investors due to damage to its reputation.RisksThis is the complete list of articles we have written about risks.If you enjoyed this page, please consider bookmarking Simplicable.
Compliance RiskThe definition of compliance risk with examples.
Business RisksA list of common business risks.Risk TreatmentThe five things that can be done about risk.Risk MitigationA list of techniques for reducing risk.Positive RiskThe potential that you'll achieve too much of a good thing.Dread Risk
Any risk that people have a strong aversion too.
Risk vs Opportunity
The surprising similarities between risk and opportunity.
Risk Management vs Contingency Planning
The difference between risk management and contingency planning.
UncertaintyThe common types of uncertainty in decision making and strategy.Inventory Risk
The common types of inventory risk.
Business Risk Management
An overview of common business risk management techniques.
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An overview of the trough of sorrow.
Business ModelsA list of common business models.MarketingA list of key marketing strategies.Competitive AdvantageA few sources of competitive advantage for businesses.
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