Risk Management Software
/ˈrɪsk ˈmænɪdʒmənt ˈsɔftwɛr/
Definitions
- (n.) Software designed to identify, assess, and mitigate legal and compliance risks within organizations.
The law firm implemented risk management software to ensure regulatory compliance and reduce liability.
Forms
- risk management software
Related terms
See also
Commentary
When drafting contracts involving risk management software, clarify the scope of risk types covered and data privacy obligations.
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.