ERGO NEXT reports that retailers can be liable for defective products sold, even if they didn't manufacture them.

It’s a topic often overlooked by individuals pursuing a career in engineering. It’s an area that’s not typically covered in undergraduate or graduate-level engineering programs. We’re talking about ...

In very simple terms, product liability holds a person or company legally and financially liable for harm that is caused when their product is defective. In the U.S. in 2020, nearly 11 million people ...

A medtech startup typically focuses on two key legal needs: (1) ensuring that its technology has proper and thorough intellectual property protection, and (2) outlining a detailed pathway for FDA ...

Christy Bieber has a JD from UCLA School of Law and began her career as a college instructor and textbook author. She has been writing full time for over a decade with a focus on making financial and ...

A liability is a financial obligation or debt owed. Liabilities are key elements on every company’s balance sheet, and therefore, important to stock and bond investors. Learn more. In finance and ...

Your business is responsible for the products you make, sell or distribute, as well as the completed services you provide. You can be held liable and accountable for any losses or damage if one of ...

Few products present as immediate and lethal a risk when defective as a firearm. In an industry where precision, reliability, and safety should be paramount, even the smallest design flaw, ...

On October 10, 2024, the Council of the EU adopted the new EU Directive on Liability for Defective Products, which replaces the previously applicable Product Liability Directive of 1985, thereby ...