├── Contracts │ ├── Legally enforceable agreements between 2 or more parties │ │ ├── Offer │ │ ├── Acceptance │ │ ├── Consideration │ │ ├── Capacity │ │ └── Legal purpose ├── Torts │ ├── Wrongful acts causing injury subject to civic liability │ │ ├── Negligence │ │ │ ├── Duty │ │ │ ├── Breach │ │ │ ├── Causation │ │ │ ├── Injury │ │ │ └── Damages │ │ │ ├── Assumption of risk │ │ │ └── Comparative negligence │ │ ├── Intentional torts │ │ │ └── Intent to harm (assault, battery, false imprisonment, etc.) │ │ └── Strict liability │ │ └── Regardless of intent │ │ │ └── Employer Liability │ └── Employee torts within employment scope ├── Warranties │ ├── Guaranteeing goods standards │ │ ├── Express warranties │ │ └── Implied warranties │ │ ├── Merchantability │ │ └── Fitness for a particular purpose ├── Remedies for Breach of Contract │ ├── Damages │ │ ├── Compensatory │ │ ├── Consequential │ │ ├── Incidental │ │ ├── Nominal │ │ └── Punitive │ ├── Specific performance │ ├── Rescission │ └── Restitution ├── Commercial Transactions │ ├── UCC │ │ ├── Governs commercial transactions │ │ ├── Fills gaps │ │ └── Provides consistency │ └── CISG │ └── Governs international sales contracts between merchants ├── Sales Contracts │ └── Key terms │ ├── Representations │ ├── Conditions │ ├── Payment terms │ ├── Duration │ ├── Dispute resolution │ └── Risk allocation ├── Risk Management │ ├── Legal Risks │ │ ├── Torts │ │ ├── Crimes │ │ ├── Statutory regulations │ │ └── Contracts │ ├── Strategies │ │ ├── Acceptance │ │ ├── Transfer through insurance │ │ └── Mitigation ├── Compliance Management (reduce your exposure to risks) │ ├── Programs │ │ ├── Employee education │ │ ├── Employment scope definition │ │ └── Preparation for legal issues │ └── Competitive advantage ├── Insurance │ ├── Risk Transfer │ │ └── Premium payments │ ├── Separate Counsel │ │ └── Divergent interests │ │ (like when the insurer wants to gamble on a trial instead of settling within policy limits) │ └── Adequate Coverage │ ├── Property damage │ ├── Business interruption │ ├── Life insurance for owners │ └── Liability insurance for third-party injuries └── Business Form ├── LLC or Corporation └── Personal liability protection └── Attorney consultation for obligations and insurance