The problem is that legal people understand the contracts but are not able to take decision based on that.
Oh sure that contracts says we would have to pay 10 millions if X happens, but then what is the likelihood of X happening, and what should be done to minimize it?
Of course it sounds easy: "just tell the business guys the risk and they will assess the probability", but in practice there are thousands of different risks associated with a contract, even the simplest one, so that ends up being EXTREMELY difficult.
And then you have all the contracts were the legal department thought they understood everything and it actually ends up not being as expected at all because rules and unclear, political and change like the wind, especially when it comes with international contracts.
Oh sure that contracts says we would have to pay 10 millions if X happens, but then what is the likelihood of X happening, and what should be done to minimize it?
Of course it sounds easy: "just tell the business guys the risk and they will assess the probability", but in practice there are thousands of different risks associated with a contract, even the simplest one, so that ends up being EXTREMELY difficult.
And then you have all the contracts were the legal department thought they understood everything and it actually ends up not being as expected at all because rules and unclear, political and change like the wind, especially when it comes with international contracts.