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I don’t know where to start to assess legal risks in my business

[btx_quote author=”” style=”border”]I don’t know where to start to assess legal risks in my business…[/btx_quote] Sound like you?

It used to really surprise me that my clients were so oblivious to the legal risks in their business. Eventually I realised that the idea of legal risk can feel so enormous and overwhelming that it seems easier to stay in blissful ignorance.

Risk is not an inherently bad thing… after all, if there is no risk, there’s probably no growth either. But legal risk management is an essential part of every effective business strategy.

If that overwhelm and fear of legal risk sounds a little bit like your business, maybe this will help. I’ve developed a handy little conversation starter, by breaking common legal risks down into 5 categories: contract, non-contract, compliance, disputes and rights. I’ve provided some operational examples and some broad risk management suggestions for each category.

Let me know if it helps your business to start the conversation about risk.

LEGAL RISKS ASSESSMENT AND MANAGEMENT (2)

 

Photo of Gemma Nugent

About Gemma

I help construction, engineering and consulting businesses create and negotiate clear contracts so they can achieve great project outcomes. I founded SoundLegal to help SMEs in the engineering, construction, consulting and light industrial sectors manage their risk to support business growth, by finding practical, common sense solutions to contractual and other legal challenges. Subscribe to the SoundLegal newsletter “No Jargon” to hear monthly business insights from me.

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