differences between the traditional concepts of risk management versus the idea of preventative law.

150 words each question with 1-2 refs each

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Discuss  the differences between the traditional concepts of risk management  versus the idea of preventative law.  Also, explain how knowledge of  preventative law can be used as a tool to give a sports organization a  competitive advantage.

2) Identify the primary principles of contract law.  What needs to be in  place for a valid contract?  Describe thoroughly and weave in elements  of a real-world example to help explain.