Negotiating terms in a contract that limit the liability of the business is an example of risk avoidance.

Name: Negotiating terms in a contract that limit the liability of the business is an example of risk avoidance.
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Negotiating terms in a contract that limit the liability of a business is an example of risk mitigation, not avoidance, as it involves taking steps to reduce the impact of risks rather than avoiding them entirely.

Negotiating Terms in a Contract That Limit the Liability of the Business