legal-liabilities

Vocabulary Word

Definition

'Legal liabilities' are obligations or responsibilities that a person or organisation must meet under the law. Think about them as legal promises you make and have to keep.

Examples in Different Contexts

In the context of product liability, 'legal liabilities' refer to the responsibilities of manufacturers for harm caused by their products. A corporate lawyer might advise, 'We need to review our product safety protocols to minimize legal liabilities.'

Practice Scenarios

Impact

Scenario:

We're wanting to scale our operations without escalating our carbon footprint. How can we do this responsibly?

Response:

It's vital we acknowledge our legal liabilities regarding environmental norms and implement practices to minimize our ecological impact.

Tech

Scenario:

There's a rising requirement for accountability and transparency in how we operate our tech platforms. We need to consider all angles.

Response:

We should ensure that we're meeting our legal liabilities regarding our platform’s terms of use and privacy policy.