Developing a legal risk management plan

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Reference no: EM134041574

Assignment:

Question 1

A legal risk management plan allows businesses to take action to prevent or reduce loss.

a. Select a business of your choice.

b. Using the example of your chosen business, describe three laws that will affect your business.

Identify each statute and explain how this law affects your business.

Question 2

A proactive approach to minimizing risk is to implement a legal risk management plan.

a. Describe the steps involved in developing a legal risk management plan

b. Using the steps outlined in your answer to Question 2 a., draft a legal risk management plan for your chosen business.

Question 3

There are a number of strategies that can be applied in managing legal risk.

a. Describe the four main strategies for managing legal risk.

b. Select two main strategies for managing legal risk and apply them to your chosen business.

Reference no: EM134041574

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