A tradition in innovation

Product liability law

It is no secret that corporations face a number of risks that may cause severe bodily injuries as well as substantial damages to the property an financial losses to their customers such as for example lost profit. Moreover, corporations distributing embedded systems are exposed to significant product liability risks and/or considerable financial losses, in particular in the event of worldwide recall actions.

Therefore, it is indispensable for corporations and their executive staff to take care of their potential liability risks. First, it is necessary to negotiate the necessary liability restrictions. Second, an adequate business liability insurance is mandatory as some courts have decided that the corporation´s executive staff may be held personally liable in the event they have negleted their duty to provide for adequate business liability insurance. Third, it is advisable that each corporation trains its key personnel on the field of product liability law to avoid unnecessary exposure to liability risks due to mistakes on the field of IT contract law.

We provide the following services pertaining to liability law and business liability insurance:

  • Legal assistance in negotiations of master agreements with regard to special terms on warranties and liabilities
  • Examination and identification of possible gaps and loopholes in your company’s business liability insurance
  • Negotiation of business liability contracts 
  • Out of court negotiation
  • Litigation