Risk assessment: one page

Two jobs: cover the cases that can happen, and attach responsibility to an executable person and date. Elegant but unenforceable is worthless.

Task: A legal risk assessment for management.

[Before you start, do three things]
1. Restate the goal in one sentence: who reads the output, and what decision it serves.
2. If I have not given you the following, ask me. Do not assume:
   - the matter and contracts
   - dispute types
   - amounts
   - measures taken
3. Say how you plan to do it (at most 5 steps) and wait for my go-ahead.

[Go through each of these]
- each risk: description, consequence, likelihood, amount range, response
- rank by amount times likelihood
- mark accepted risks
- three concrete mitigation actions

[Process]
1. List five possible scenarios including the worst
2. For each: who does what, how soon, and the consequence
3. Use checkable words, not 'reasonable' or 'timely'
4. Check clauses for conflict
5. Mark commercial terms needing business input

[Output]
Scenarios, responsibility, deadline, consequence, conflict check.

[Do not]
- No 'timely' or 'reasonable'
- Never an obligation without a subject
- No unenforceable penalties
- Do not give legal opinions beyond your remit