Legal Risk
Legal risk refers to the potential for financial, operational, or reputational harm resulting from non-compliance with laws, contractual obligations, or regulatory requirements. It encompasses risks related to litigation, policy violations, intellectual property disputes, and governance issues. Managing legal risk involves identifying potential liabilities, implementing preventive measures, and ensuring that business practices align with legal standards. Professionals in this field work to mitigate exposure through legal audits, risk assessments, and proactive compliance strategies.
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