product liability

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product liability:

see liabilityliability,
in law, an obligation of one party to another, usually to compensate financially. It is a fundamental aspect of tort law, although liability may also arise from duties entered into by special agreement, as in a contract or in the carrying out of a fiduciary duty.
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References in periodicals archive ?
Class Actions and Other Multiparty Litigation in a Nutshell Robert H.
Recently, Bloom handled several electronic discovery issues and internal investigations for a publicly traded company involved in complex, multiparty litigation.
A significant focus of his practice is defense of class action and multiparty litigation in a variety of areas, such as employment, wage-hour, ERISA and non-compete/trade secret claims.