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What is Dispute Risk?

 , updated on November 26, 2015
Dispute risk is the potential that a disagreement with a customer, partner, employee, stakeholder or member of the community will disrupt your business. The term dispute is often used to denote a disagreement that hasn't yet resulted in litigation.
In many industries, such as construction, it is considered important to resolve disputes before they become litigation. If a dispute reaches litigation it is usually more expensive for all parties.
Overview: Dispute Risk
TypeRisk
DefinitionThe potential that a disagreement will result in losses.
Risk TreatmentsAvoid
Reduce
Transfer
Accept
Related ConceptsLegal Risk
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