Risk Handling
/ˈrɪsk ˈhændlɪŋ/
Definitions
- (n.) The process of identifying, assessing, and deciding on strategies to mitigate or manage potential legal liabilities or uncertainties.
Effective risk handling is crucial in contract negotiations to avoid future disputes.
Forms
- risk handling
Related terms
See also
Commentary
In legal drafting, specifying risk handling measures helps allocate responsibility and reduce exposure to legal claims.
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.