Risk Mitigation
/ˈrɪsk ˌmɪtɪˈɡeɪʃən/
Definitions
- (n.) The process of identifying, assessing, and taking steps to minimize legal, financial, or operational risks in a contractual or organizational context.
Effective risk mitigation clauses in contracts protect parties from unforeseen liabilities.
Forms
- risk mitigation
Related terms
See also
Commentary
In legal drafting, clear specification of mitigation measures helps allocate responsibilities and reduce dispute potential.
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.