No Calculated Risks Clause Samples

The "No Calculated Risks" clause prohibits parties from intentionally engaging in actions or decisions that involve foreseeable risks, even if those risks are measured or deemed acceptable. In practice, this means that parties must avoid taking steps where the potential for harm or loss is known and can be anticipated, such as proceeding with a project despite identified safety concerns or ignoring compliance issues for potential gain. The core function of this clause is to promote a risk-averse approach, ensuring that all parties act with caution and prioritize safety and compliance over potential benefits, thereby reducing the likelihood of preventable losses or liabilities.