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  1. Traditional business law and legal environment courses have focused on legal rules and strategies for avoiding litigation, the risk of adverse judgments, and potential liability for non-compliance with statutory and common law duties, breach of contract, and violations of the criminal law.

  2. Apr 9, 2000 · Describes the sixth and final module of the Harvard Business School MBA second-year elective course Legal Aspects of Management. This module deals with the way firms should approach business risks in order to avoid legal liability and how firms can use contracts to allocate risk.

  3. MBA II yr IV SEM Unit I: Introduction to Risk Management: The concept of Risk, Nature, Need and scope of risk. Source, Measurement, identification and evaluation of Risk. Types of risk– Product market risk and capital market risk. Possible Risk events, Risk Indicators, Risk Management Process–pre-requisites and fundamentals.

  4. For most firms, the management of risk is an evolving discipline whose elements are at varying levels of maturity. The primary areas of risk relevant to a law firm are: Information technology (IT) risks; Financial risks; Practice management risks; Operational risks; Strategic risks; and Environmental risks.

  5. BUSINESS LAW TENTH EDITION Henry R. Cheeseman Professor Emeritus Marshall School of Business University of Southern California New York, NY A01_CHEE8780_10_SE_FM.indd 3 17/10/17 5:02 PM

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  6. Learning Objectives. After reading this chapter, students should understand: The importance of legal risk management to business strategy. How to assess attitude towards risk. A simple model for assessing legal risk. A preview of ways to manage and mitigate liability risks, such as through liquidated damages clauses and insurance. 1.1 Introduction.

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  8. Applying this knowledge allows managers to limit risk and incorporate the law into their business strategies. This chapter intro-duces students to the foundations of the law and explains why the application of legal doctrines is an important part of the business environment.

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