Using his extensive knowledge of the law and contracts, veteran attorney R.J. Spjut provides a valuable framework for identifying risks in most transactions and the contractual terms and conditions used to allocate and manage those risks. Unlike other texts in this area, Transaction Risk provides a systematic description of transaction risks and the applicable contractual terms that are used to manage them. According to Spjut, "I started to think about how you would teach young associates about transaction risk. I would sit in meetings and wonder if anyone knows what they're talking about when discussing risk." This is the answer to that question, a useful introduction for the newer attorney as well as a resource for the more seasoned practitioner.