Critical Analysis Case Study: Legal Risk Management in Business

This case study provides a critical analysis of potential contractual disputes within a business partnership, emphasizing the importance of thorough due diligence before forming alliances. It examines various factors contributing to disputes, including payment terms, quality of goods/services, and foreign exchange rates. The study evaluates risk management strategies, such as accepting, transferring, and mitigating risks, as well as the exploitation of risks to prevent their occurrence. It also outlines several dispute resolution options, including mediation, arbitration, collaborative law, and traditional litigation. The case study stresses the significance of understanding market dynamics and the demand for services in overseas markets to minimize legal risks and ensure successful international trade and finance operations. The analysis incorporates references to relevant academic sources and industry publications to support its findings and recommendations.