If a company from a highly developed nation hesitates to enter into a joint venture with a company from a developing nation due to inadequate protection of intellectual property rights,it is trying to avoid a(n)____ risk.

Question

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By hesitating to enter into a joint venture with a company from a developing nation due to inadequate protection of intellectual property rights, the highly developed nation company is trying to avoid legal risk. Intellectual property rights are protected by laws and regulations, and the lack of adequate protection in a developing nation presents a legal risk to the highly developed nation company.

If a Company from a Highly Developed Nation Hesitates to Enter