Legal risk
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Legal risk is a risk of loss that results from a counterparty being unable to legally enter into a contract. Another legal risk relates to regulatory risk, i.e., that a transaction could conflict with a regulator's policy or, more generally, that legislation might change during the life of a financial contract.
The Risk Principle[edit]
The Risk Principle is an area of law closely tied to legal causation in negligence. It provides limits on negligence for harm caused unforeseeably.
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