Risk Assessment
/ˈrɪsk əˌsɛsmənt/
Definitions
- (n.) The systematic process of identifying and evaluating potential legal risks or hazards to inform decision-making and prevent liability.
The company conducted a thorough risk assessment before launching the new product to ensure compliance with regulations.
Forms
- risk assessments
Related terms
See also
Commentary
Risk assessments in legal contexts focus on anticipating and minimizing potential exposures to litigation or regulatory penalties.
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.