MEMORANDOM

To: Risk Management Consultant

From: "McLachlan Family Maple Syrup"

Date: 27^th July 2020

Subject: Risk Assessment

The "company name" produces and markets maple syrup. The business sells both domestically and abroad, and it plans to enter the upcoming potential markets. The business faces numerous legal dangers when it sells maple syrup both domestically and internationally. Correctly managing these risks was necessary to ensure that the business could operate without interruption. The legal dangers to the business include,

Environmental/Climate Changes:The individuals in charge of this business told us that climate change is endangering the health of the trees and making an already unpredictable and turbulent sector even more unpredictable. An important factor in this is global warming. Winter used to begin in November for a long time, but today it doesn't really become chilly until January.

Sap flow Maintenance: The flowing liquid from the maple tree, known as sap, must flow under a cycle of below-freezing night-time temperatures or above-daytime temperatures that exert substantial pressure on a tree. The sap flow will cease if it becomes too cold and stays cold. Sap flow will cease if it becomes too warm and stays warm. Therefore, maintaining maple sap in liquid form is the most challenging chore, and it obviously relies on the weather.

Site License: Before any items can be packaged, a site license is necessary as a prerequisite for doing so. This need applies to all products. In addition to labeling the products, production also includes the following: A site license is required in order to offer the products on the market in a lawful manner. This license may be secured by going through the appropriate channels.

A Product Licence: In the vast majority of instances, the Natural Product Number, also known as the NPN, will serve as the official representative of the product licensing. In order to lawfully distribute these products, the first and most significant thing that is required is a product license.

given the memorandum above what are the risk management plan for (I) site license (II) product license and contraction on how to minimize risk and effect on the transaction

please site reference