Risk Identification
/ˈrɪsk aɪˌdɛntɪfɪˈkeɪʃən/
Definitions
- (n.) The legal process of recognizing and delineating potential risks that may impact contractual obligations or compliance requirements.
Effective risk identification helps parties anticipate and mitigate possible breaches in contract performance.
Forms
- risk identification
- risk identifications
Related terms
See also
Commentary
Risk identification is a foundational phase in legal risk management, crucial for drafting enforceable agreements and ensuring regulatory compliance.
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.