Commercial Disputes & Risk Management Quiz

Results

The Optimistic Hustler

You believe in good faith and positive vibes, but trust alone won’t protect your business! It’s time to take contracts and legal frameworks more seriously before someone takes advantage of you.

The Strategic Titan

You operate with precision and legal backing, ensuring every move is calculated. You’re the kind of entrepreneur who stays ahead of potential risks—well done! To continue to stay at the top of your game contact us today!

The Firebrand CEO

You handle business with raw passion, but emotions and gut reactions won’t win lawsuits! You need to balance your energy with structured legal protections to prevent costly mistakes. Want legal protection that won’t fail you? Contact SANDLP today.

#1. Your supplier delivers substandard goods, affecting your business. How do you respond?

Accept the goods and try to make do, to avoid damaging the relationship.

Vent your frustration but avoid legal action to keep things civil.

Review the contract terms and engage a lawyer to enforce quality and performance obligations.

#2. A business partner suddenly backs out of a major deal, putting your company at risk. What’s your next step?

Let it go and move forward without enforcing any legal rights.

Try to negotiate informally, hoping they change their mind.

Engage a legal expert to review the contract and determine breach of contract remedies.

#3. Your competitor is spreading false information about your business, damaging your reputation. What’s your reaction?

Engage a lawyer to explore defamation claims and legal remedies.

Ignore it and hope your reputation recovers over time.

Respond aggressively on social media to defend your business.

#4. A former employee takes your trade secrets to a competitor. How do you respond?

Immediately consult a lawyer to enforce necessary legal actions against the person.

Confront the employee but take no legal action.

Accept it as part of business and try to stay competitive.

#5. You’re facing a major commercial dispute with a vendor. What’s your dispute resolution strategy?

Try to resolve it informally, even if it means making unfair concessions.

Engage a lawyer to mediate, negotiate, or litigate as needed.

Walk away from the dispute, assuming legal action isn’t worth the cost.

#6. A client sues your business for breach of contract. What’s your first move?

Consult a commercial disputes lawyer to assess the claim and build a defense strategy.

Ignore it, assuming it will resolve itself.

Panic and try to settle immediately, no matter the terms.

#7. You’re considering expanding your business into a new region. How do you handle risk management?

Move forward quickly, assuming any legal issues can be handled later.

Trust your instincts and rely on verbal agreements with local partners.

Conduct thorough due diligence and consult a lawyer for risk assessment and compliance.

#8. You receive a notice about a potential dispute with a business partner over contract terms. How do you proceed?

Confront your partner aggressively without preparing your case.

Ignore it, hoping the issue will vanish on its own.

Immediately hire a commercial lawyer to seek expert legal advice.

#9. You’re offered a quick settlement in a contractual dispute that seems too favorable. What do you do?

Accept it on the spot to avoid further complications.

Consult with a lawyer to review and evaluate the offer thoroughly.

Decline immediately and insist on going straight to court.

#10. During merger discussions, unexpected liabilities emerge. How do you handle this risk?

Ignore the liabilities and push the deal forward.

Engage a commercial lawyer to help you with the risk management.

Rush through the merger, hoping the liabilities won’t be a dealbreaker.