|Overview: Dispute Risk|
The potential that a disagreement will result in losses.
What is Dispute Risk?
John Spacey, updated on July 19, 2023
Dispute risk is the potential that a disagreement with a customer, partner, employee, stakeholder or member of the public 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.
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