> For the complete documentation index, see [llms.txt](https://docs.term.finance/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.term.finance/terminal-1-execution/risks-and-failure-modes.md).

# Risks & Failure Modes

Common execution failures and user-facing risk disclosures.

Terminal 1 workflows are executed through routed transactions that are designed to fail safely when conditions change. This section explains the most common reasons a workflow may revert (authorization issues, venue constraints, liquidity/price movement, and route parameter bounds), and what you can do to diagnose and resolve them. It also lists execution-layer disclosures—what Terminal 1 guarantees (all‑or‑nothing execution where applicable) and what it does not (a guaranteed fill, a guaranteed price, or availability of any external venue).<br>

* [Common errors](/terminal-1-execution/risks-and-failure-modes/common-errors.md)
* [Disclosures](/terminal-1-execution/risks-and-failure-modes/disclosures.md)

<figure><img src="https://3895640871-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F5pvpy8IqtxZOybRubGkj%2Fuploads%2F9MKiPf5DKxlSMG6oy0PJ%2Fimage.png?alt=media&amp;token=8cab5d11-c704-4d37-a5fd-2dea24cb5c4f" alt=""><figcaption></figcaption></figure>