Meaning ● SMB Legal Risks, in the realm of Small and Medium-sized Businesses, signify potential exposures to legal liabilities arising from operational activities, business growth strategies, or the adoption of new technologies. For SMBs focusing on growth, these risks often surface during expansion, partnerships, or when seeking investment. ● Specifically, legal risks can arise from failure to comply with data privacy regulations when implementing automation, such as CRM or marketing platforms. ● Furthermore, employing new business models enabled by technology introduces exposures surrounding intellectual property, contract law, and regulatory compliance. Addressing these preemptively safeguards SMBs from costly disputes and ensures sustained operational success.
