Contract Risk
/ˈkɒntrækt rɪsk/
Definitions
- (n.) The potential for loss or liability arising from the terms, performance, or enforcement of a contract.
The company conducted a thorough assessment of contract risk before signing the agreement.
Forms
- contract risk
- contract risks
Related terms
See also
Commentary
Contract risk often requires careful drafting and review to mitigate potential legal and financial exposure in contractual relationships.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.