Economics Risk And Return Questions
Legal risk refers to the potential for financial loss or harm that arises from the possibility of legal action or legal issues. It encompasses the uncertainty and potential negative consequences that can arise from legal disputes, lawsuits, regulatory changes, non-compliance with laws and regulations, contractual breaches, and other legal factors. Legal risk can impact businesses, individuals, and organizations, and it is important to manage and mitigate this risk through proper legal compliance, risk assessment, and legal strategies.