Litigation Risk

Litigation Risk - Litigation Risk refers to the potential for negative consequences arising from legal disputes, claims, or lawsuits involving an organization or its representatives. This can result from contractual breaches, regulatory noncompliance, intellectual property infringement, or negligence, potentially leading to financial losses, reputational damage, or operational disruptions, ultimately impacting the organization's overall performance, credibility, and sustainability.

Class Information

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Identification

IRI: https://folio.openlegalstandard.org/Rijz2yDnioeblXoMdxow8K
Label (rdfs): Litigation Risk
Preferred Label: None
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Definition and Examples

Definition: Litigation Risk refers to the potential for negative consequences arising from legal disputes, claims, or lawsuits involving an organization or its representatives. This can result from contractual breaches, regulatory noncompliance, intellectual property infringement, or negligence, potentially leading to financial losses, reputational damage, or operational disruptions, ultimately impacting the organization's overall performance, credibility, and sustainability.
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Translations

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Class Relationships

Sub Class Of: Risk Management Objective
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Additional Information

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Deprecated: False

Metadata

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