Documentation Risk

The risk of loss due to the inaccurate documenting of key contracts or agreements within an organization. Documentation errors can contractually oblige and organization to do certain things, buy products and services or sell its products and services on terms and conditions that were not agreed in principle or approved under delegated authorities but were inaccurately documented. This can be due to omission, oversight, incorrect advice or negligence.

Documentation risk can also extend to such things as sale and purchase agreements, insurance policies and financing agreements.