Liability is the state of being responsible for something and is usually imposed by certain laws. For example, certain consumer protection laws state that businesses are responsible for ensuring that their products are safe to use and businesses that provide unsafe products may be required (liable) to pay restitution for individuals who are injured by unsafe products.
Termajargon: Policy Terms Defined
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Esq. CIPP/E and CIPM
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Use Termageddon to help comply with privacy laws such as the CPRA, GDPR, UK DPA, CalOPPA, PIPEDA, and more. We also help you comply with consumer protection laws, provide eCommerce disclosures, and limit your liability.