Some situations may result in legal problems in the future—for example, a
partnership agreement that did not provide for an orderly dissolution if a
partner dies. This is not a problem until the partner dies. Once the death
occurs, it is difficult and expensive to remedy the problem.
When a legally risky situation is identified, the client must decide if the remedy
is cost- effective. The incomplete partnership agreement would cost little to
correct, and the benefit would be great. In cases in which the potential costs
are both well known and small, it may be cheaper to accept the risk than to
invest in a remedy. An example is the purchase of an inexpensive, easily
replaced office machine. The warranty provisions of a sales contract for an
adding machine may be ambiguous, but it is not worth the trouble to have an
attorney redraft the contract.