Legal-Right Risk-Event
A Legal-Right Risk-Event is a risk event that impacts a legal right (encompassing potential threats to right recognition, right exercise, right enforcement, and right protection).
- Context:
- It can range from being a Mild Legal-Right Risk Event to being a Extreme Legal-Right Risk Event, based on probability distribution patterns.
- It can range from being a Natural Legal-Right Risk Event to being a Manufactured Legal-Right Risk Event, based on risk origin.
- It can range from being a Measurable Legal-Right Risk Event to being a Knightian Legal-Right Uncertainty Event, based on risk quantification capacity.
- It can range from being a Downside Legal-Right Risk Event to being an Upside Legal-Right Risk Event, based on legal-right value impact.
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- It can be represented in a Legal-Right Risk-Description.
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- It can be associated with Right Risk Patterns such as: systematic legal-right risk events (following legal precedents), fat-tailed legal-right risk events (with catastrophic impacts), cascading legal-right risk events (with interconnected effects).
- It can trigger Legal-Right Risk Responses such as: legal-right risk responses (litigation initiation, dispute resolution), regulatory right risk responses (compliance filing, regulatory appeal), administrative right risk responses (right registration, status update).
- It can arise during Legal-Right Phases through:
- Recognition-Phase Legal-Right Risk Events: right denial, validity challenge
- Exercise-Phase Legal-Right Risk Events: right interference, exercise barrier
- Enforcement-Phase Legal-Right Risk Events: remedy limitation, enforcement obstacle
- Protection-Phase Legal-Right Risk Events: right violation, protection failure
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- Example(s):
- Property-Related Right Risk Events:
- Contract-Related Right Risk Events:
- Constitutional-Related Right Risk Events:
- Civil Right Risk Events affecting civil libertys
- Political Right Risk Events affecting political participation
- Intellectual Property-Related Right Risk Events:
- Patent Right Risk Events affecting invention protection
- Copyright Right Risk Events affecting creative works
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- Counter-Example(s):
- Pure Right Opportunity Events without risk elements
- Routine Legal Process Events without right implications
- Administrative Events without right impacts
- Business Process Events without legal right effects
- Operational Events without right uncertainty
- See: Risk Event, Legal Right, Right Protection, Right Enforcement, Risk-Representation, Legal Control