Readiness Assessment
/ˈrɛdɪnəs əˈsɛsmənt/
Definitions
- (n.) A formal evaluation conducted to determine if an individual, entity, or system meets the necessary legal, regulatory, or contractual requirements to proceed with a particular action or phase.
The readiness assessment confirmed that all compliance measures were in place before the merger.
Forms
- readiness assessment
- readiness assessments
Related terms
See also
Commentary
In legal contexts, readiness assessments often support risk management and regulatory compliance, ensuring lawful progression in transactions or operational phases.
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.