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
  • ...
• Example(s):
  • • Property Right Risk Events affecting property control
    • Contract Right Risk Events affecting contractual entitlements
    • Constitutional Right Risk Events affecting fundamental rights
    • Intellectual Property Right Risk Events affecting intangible assets
  • Property-Related Right Risk Events:
    • Real Property Right Risk Events affecting land ownership
    • Personal Property Right Risk Events affecting movable assets
  • Contract-Related Right Risk Events:
    • Performance Right Risk Events affecting contractual obligations
    • Payment Right Risk Events affecting monetary entitlements
  • 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
  • ...
• 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

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