Subject: Legal risks associated with importing and selling a folding e-scooter

We are a company that is planning to import and sell a folding e-scooter. We are concerned about the legal risks associated with this business venture. In particular, we are concerned about the following risks:

• Intellectual property - When importing a product from another country, there is a risk that the product may be counterfeit and infringe on someone else's intellectual property rights. To avoid this, it is important to do your due diligence to ensure that the product is legitimate and does not infringe on any existing intellectual property rights.
• Employment - There is a risk that the employees who are manufacturing the product in another country may not be properly protected under their country's employment laws. This could lead to poor working conditions and/or wage disputes. To avoid this, it is important to ensure that the employees are properly protected under their country's laws and that they are being paid a fair wage.
• Tort liability - There is a risk that the product may be defective and cause injury to the user. To avoid this, it is important to ensure that the product is safe and does not have any defects.
• Contract law - When entering into a contract with another company to manufacture the product, there is a risk that the contract may not be valid or enforceable. To avoid this, it is important to have a lawyer review the contract to ensure that it is valid and enforceable.
• Shipping - There is a risk that the product may be damaged during shipping. To avoid this, it is important to ensure that the product is properly packaged and insured.
• customs - There is a risk that the product may be held up at customs or that customs duties may be imposed on the product. To avoid this, it is important to ensure that the product is properly classified and that all required customs documentation is in order.
• Foreign currency - There is a risk that the value of the foreign currency may fluctuate and that this could impact the price of the product. To avoid this, it is important to enter into a contract that protects against currency fluctuations.
• Political instability - There is a risk that the country from which the product is being imported may be unstable politically. This could lead to delays in shipping or even the product being seized by the government. To avoid this, it is important to monitor the political situation in the country and to have a contingency plan in place in case of delays or seizure.
• Terrorism - There is a risk that the product could be targeted by terrorists. To avoid this, it is important to have security measures in place to protect the product.
• Natural disasters - There is a risk that the product could be damaged or destroyed by a natural disaster. To avoid this, it is important to have insurance in place to protect against loss or damage.

I got this expert answer to my question but What could be a Risk management plan for these risks?

I need more in detail on any of the 4 risks and their risk management plan?