Legal Risk
/ˈliːɡəl rɪsk/
Definitions
- (n.) The potential for loss or harm resulting from a failure to comply with legal obligations or from uncertainties in legal frameworks.
The company conducted a thorough assessment of its legal risk before entering the new market.
Forms
- legal risk
Related terms
See also
Commentary
Legal risk often involves both compliance failures and uncertainties in interpreting laws; precise identification aids in effective risk management strategies.
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.