Business Risk Assessment Template

BUSINESS RISK ASSESSMENT AGREEMENT

Effective Date:

Client Name:     Consultant Name:

WHEREAS

WHEREAS, Client operates the business identified above and requires a formal assessment of material risks to business operations, assets, and regulatory compliance;

WHEREAS, Consultant has the experience, personnel, and methodologies required to perform a systematic Business Risk Assessment and provide recommendations to manage identified risks; and

WHEREAS, the parties desire to set forth the terms under which Consultant will perform the assessment, the payment terms, confidentiality obligations, and governing law applicable to this Agreement.

SCOPE OF WORK

Consultant shall perform a Business Risk Assessment that includes identification of business risks, analysis of likelihood and impact, evaluation of existing controls, recommended mitigation measures, prioritization of actions, and preparation of a written report. Specific tasks shall include, at minimum, the items described below and any additional tasks agreed in writing by the parties.

RISK IDENTIFICATION & ANALYSIS

For each identified risk, complete the entry fields below. The assessment shall classify risks by category, assess likelihood and impact, document existing controls, recommend mitigation actions, assign an owner, and set target completion dates.

PAYMENT TERMS

Client shall pay Consultant for the services set forth in this Agreement in accordance with the schedule and fees specified below. Fees are exclusive of applicable taxes unless otherwise stated.

TERM AND TERMINATION

This Agreement commences on the start date below and, unless earlier terminated in accordance with this section, continues until the end date below or until completion of the services described in the Scope of Work.

Either party may terminate this Agreement for material breach if the breach is not cured within the notice period set forth above. Termination shall not relieve Client of the obligation to pay for services performed or costs reasonably incurred prior to termination.

CONFIDENTIALITY

Each party will maintain in confidence all non-public information disclosed by the other party and designated as confidential or that reasonably should be understood to be confidential given the nature of the information and the circumstances of disclosure. Confidential information excludes information that: (a) is or becomes generally available to the public other than by breach of this Agreement; (b) was known to the recipient prior to disclosure; (c) is received from a third party without breach of an obligation of confidentiality; or (d) is independently developed by the recipient without use of confidential information.

The receiving party may disclose Confidential Information as required by law or court order, provided the receiving party gives the disclosing party prompt written notice and reasonable assistance to seek protective measures.

GOVERNING LAW

This Agreement shall be governed by and construed in accordance with the laws of the state or jurisdiction specified below, without regard to conflict of law principles.

ENTIRE AGREEMENT

This Agreement, including any attachments or exhibits signed by the parties, constitutes the entire agreement between the parties concerning the subject matter hereof and supersedes all prior and contemporaneous understandings, proposals, negotiations and communications, whether written or oral. Any amendment must be in writing and signed by authorized representatives of both parties.

CERTIFICATION AND ACKNOWLEDGEMENTS

The parties represent and warrant that they have the authority to enter into this Agreement and that the information provided in connection with the Risk Assessment is, to the best of their knowledge, accurate and complete. Consultant will exercise reasonable professional care in performing services but cannot guarantee complete elimination of risk.

Sign Now