Scenario Analysis
/ˈsiːnɛəriˌoʊ əˈnæləsɪs/
Definitions
- (n.) A method used in legal risk assessment to evaluate potential outcomes by considering different hypothetical future events or circumstances.
The legal team conducted scenario analysis to anticipate possible litigation risks under various regulatory changes.
Forms
- scenario analysis
- scenario analyses
Related terms
See also
Commentary
Scenario analysis is especially useful in legal contexts involving uncertain regulations or contract performance, aiding strategic decision-making by outlining potential legal consequences under different future conditions.
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.