risk management team assignment Assignment Introduction and Learning Goals This assignment is worth 20% of your final grade and is divided into two phases. In the first part, students will be assigned an industry & product to either buy or sell. Students will engage in research of a Canadian company that sells a similar product in both domestic and international markets. Students will utilize their research to create a fictitious company that buys/sells the product. Using the real-life market research, student will identify legal issues related to the domestic and international sale/purchase of the item. In the second part of the assignment, students will present a risk management plan for their fictional company. The presentation will address at least 6 areas of risk and propose an approach for the company to address the risk through contracts. The presentation will be a summary of the written work in Part 1 and will require the group to deliver a presentation with PowerPoint in the class. Course Learning Outcomes Addressed Assess the Canadian legal environment within which the current business professional must operate. Evaluate legal issues related to tort, professional liability, privacy, and employment law. Contrast the different product liability standards domestically and internationally. Identify the types of intellectual property and recommend the appropriate legal protection. Analyze legal risks and risk management measures in the digital age. Understand key principles of contract law as they relate to negotiation and formation of agreements, discharge, termination, and remedies for breach. Assignment Value This assignment is worth 20% of your overall grade in this course. Assignment Instructions PART 1 - Research - (20 marks) 1. Each group is assigned to purchase or sell an item domestically and internationally. Step One 2. Each group will conduct research on an existing Canadian company that is currently purchasing or selling a similar item both domestically and internationally.

Research should provide a brief overview of the company and address the domestic and international market/industry environment. Identify and discuss 8-10 areas of general legal risk experienced by the company. In order to complete this section, you will need to apply the knowledge you have gained from this course to the research you conducted about the company Identify and discuss risks to which the business is exposed in the regular course of doing domestic and international business, and a discuss ways the business might manage those risks (this may require some assumptions on your part.) This discussion will not address risks related to the purchase/sale transaction of the specific item, but will discuss other legal risks, such as intellectual property, employment, and/or tort liability. Legal issues relating to the purchase/sale of the item. This will include areas of liability to which the real-life business might be subject as a result of the contract for sale/purchase of the specific item. (You will need to research domestic legal principles that apply to the product you are buying or selling. Research the other country and consider any legal differences when doing business with that country. Are there any specific international/domestic laws or agreements that must be considered? This part of the assignment will discuss at least six areas of risk directly related to the contract for purchase and sale. Step Two - 3. After reviewing the research, you will create a persona of a fictitious company that engages in the business of selling/buying the product. Referring to the areas of legal risk identified in step one, you will summarize the areas of risk to which your company is exposed in the form of a memorandum. The memorandum will be a direction to a risk management consultant, explaining the risk your company is concerned about. The memorandum will explain your goals for a contract that will protect your business. The expectation is that the risk management consultant is providing you with solutions. [Part one of the assignment should be about 6-8 (and not more than 10) pages double spaced. References are required for all research, and specific citations and application is required for any references to law.