Contractual Risk
/ˌkɒntrækʧuəl rɪsk/
Definitions
- (n.) The potential for losses or adverse outcomes arising from the terms, performance, or enforcement of a contract.
The company assessed its contractual risk before entering the agreement.
Forms
- contractual risk
Related terms
See also
Commentary
Contractual risk focuses on uncertainties in contract obligations and enforcement; careful drafting can help mitigate such risks.
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.