Complete the Risk Response Plan with the below risk and example. This should respond to all issues raised above and contain a detailed plan for monitoring the relationships in your business and where appropriate a plan for influencing and responding to these changes.

Risk: Undue Influence (Influencing a party into entering a contract through the abuse of a position of dominance.)

.Example: Since Farmery Estate Brewery purchases their merchandise from a clothing and apparel supplier, we believe that they may run into a legal risk when purchasing their products. Say the suppliers pricing rates go up due to inflation, they feel it is important to inform their valued customers, in this case, Farmery Estate Brewery, they sent out an email/letter regarding the new price change and that they are sorry for any inconvenience. Farmery Estate Brewery receives the letter and is unhappy about the news, they drive over to the suppliers location demanding that they lower their price or else they will go to their competitor and buy off of them instead. Since Farmery Estate Brewery is such a large and dominating business, and the supplier really relies on selling to them, the supplier feels pressured to comply with them and give them the price that they demand, even though they will selling to just a few cents higher than at-cost.