Managing risk under commercial contracts.
- Resource Type
- Article
- Authors
- KAVANAGH, LISA
- Source
- Governance Directions. Feb2019, Vol. 71 Issue 1, p40-43. 4p.
- Subject
- *RISK management in business
*CONFLICT management
*CONTRACTS
*STAKEHOLDERS
AWARENESS
- Language
- ISSN
- 2203-4749
The article focuses on risk assessments of an organization. Topics discussed include the need to regularly review and update the risk assessment working document; the need to avoid disputes and litigation; and use of commercial contract templates by organizations. It notes the possible actions that can be taken by an organization to deal with risk such as externally acknowledging the risk, educating stakeholders, and elimination of activities that are causing risk.