A company determines it may be subject to potential loss of intellectual property in several...

The potential loss of intellectual property in supplier contracts is a legal risk. Legal risks involve potential losses that arise from legal constraints, breaches of contract, or non-compliance with regulations. Intellectual property (IP) protection is a critical aspect of legal risk management in supply chain contracts, as it involves safeguarding proprietary information and technologies that give a company its competitive edge. Leadership in supply chain management involves ensuring that contracts are meticulously designed to protect IP and mitigate legal risks. References from leadership and transformation management documents stress the importance of robust legal frameworks and risk mitigation strategies to protect intellectual property in supplier relationships.