LAW 122 Lecture 1: LAW 122 - Chapter 1 Notes
12 Mar 2018
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Risk management: risk management: is the process of identifying, evaluating, and responding to the possibility of harmful events, you need to identify, evaluate, and respond to the legal risks involved: Identification: in an event, you need to be concerned about liability, about actually being held legally responsible. But you also need to be concerned about the possibility of being sued: evaluation: having identified the risks, you may decide the way to make it legally acceptable. You may believe that the arguments in your favour are strong enough to discourage your former employee from suing you: response: having identified the risks, you must formulate the response. You have options; refuse to write a letter, write a letter that does not mention your suspicions, or write a letter accusing your former employee. Managing risks: risk avoidance: some risks are so serious that they should be avoided altogether.
