Legal risk is risk from uncertainty due to legal actions or uncertainty in the applicability or interpretation of contracts, laws or regulations. Depending on an institution's circumstances, legal risk may entail such issues as: ...
Legal risk management refers to the process of evaluating alternative regulatory and non-regulatory responses to risk and selecting among them.
Legal Risks - Risks that result when a company transacts business with a party in a foreign country which is subject to different legal and regulatory frameworks.
legal risk The risk to earnings or capital arising from unenforceable contracts, lawsuits, adverse judgments, or nonconformance with laws, rules, and regulations. One of six risks defined by the Federal Reserve.
Legal Risk: The risk that a party to a contract will not be able to enforce security arrangements, enforce foreign judgments, have a choice of law, or refer disputes to arbitration.
Legal risk The risk associated with the impact of a defect in the documentation on cash flow or debt service. Legal transfer A stock transaction that requires special documentation in addition to standard stock or bond power to be legally valid.
A legal risk of mind share is that the name can become so widely accepted that it becomes a generic term, and loses trademark protection. Examples include "escalator", "aspirin" and "mimeograph".
legal risk A description of the potential for loss arising from the uncertainty of legal... legal tender A country's currency that must be accepted as payment for a debt. legatee The recipient of a legacy.
"You're at legal risk if you hold employees responsible for work that has not been defined in writing," Halcrow flatly stated.
See also: Banks, Contingency, Liquidity risk, Values, Expense
 
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