/liːɡəl rɪsk/ – Phrase
Definition: 1. rủi ro về pháp lý;
2. rủi ro hợp lý;
3. rủi ro liên quan đến sự vi phạm pháp luật.
A more thorough explanation: Legal risk refers to the potential for financial loss, harm, or damage to an individual or organization resulting from a violation of laws, regulations, contracts, or other legal obligations. It encompasses the possibility of facing legal action, penalties, or other adverse consequences due to non-compliance with legal requirements.
Example: Engaging in business activities without proper contracts in place poses a significant legal risk for the company.