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One of the primary purposes of any contract is to allocate where the responsibility for particular risks lies between the ...

Risk mitigation is any action taken to reduce the likelihood of a risk occurring or the impact of the risk ...

A “risk” is an uncertain event that, if it occurs, will have an effect on the achievement of specific objectives. ...

A thorough understanding of risk management is critical to the contracting process, as risk drives: the form of contract to ...