In May I covered how arbitration can be used as a risk mitigation tool. Another effective option is insurance; used properly, it may effectively shift your legal risk or exposure to another entity. Many companies fail to adequately consider insurance options or cover risk. Appropriate insurance tools can shift or transfer risk of loss, litigation, claims […]

As discussed in my last post, a Free and Open Source Software (FOSS) audit  ( or Open Source Software  (OSS) audit) is necessary for a company's full and frank appraisal of its FOSS program.  In essence, a FOSS audit is a major component to a FOSS compliance program which many companies need to establish if they […]

One of the most important areas that should be covered by a Legal Risk Management ( LRM) Program is that of Crisis Management. Crisis Management itself is a fitting topic for a book or blog- but should be addressed here as well. Without effective management of a corporate crisis, a company's future is in doubt. […]

When designing products, manufacturing companies need to be very detailed to avoid product liability litigation in the United States. Product planning is a very detailed process involving many departments and in some cases divisions of a company.

Arbitration can be an effective risk mitigation or legal risk management (LRM) tool especially when dealing with disputes in Asia. Companies doing business in Asia have realized that using arbitration as a dispute mechanism is preferable to litigation in national courts. Hence Hong Kong, Singapore, and Korea have all developed sophisticated internationally focused arbitration centers and […]

Though most companies do not have the luxury of time that certain organizations ( such as my  university as shown in the picture to the left ) might have when looking at potential areas of risk, Legal Risk Management processes and procedures must be   properly applied  in a corporate setting to be effective.