legal liability
Definition
Obligations under law arising from civil actions (torts) or under contract. Legal liability can only be decided by courts even if the settlement is made out of the court by mutual agreement. Liability insurance normally covers only the liability arising from torts and not from the contractual obligations.
legal liability is in the Agreements & Contracts and Corporate, Commercial, & General Law subjects.
legal liability appears in the definitions of the following terms: hold harmless clause, obligation and declaration date
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