Examlex
A sustained competitive advantage is virtually permanent.
Product Liability
The legal responsibility of manufacturers and sellers for defects or hazards in products that cause harm.
Restatement (Third)
A reference to the third series of restatements of American law, which are compilations summarizing the court rulings on various legal subjects.
Product Defects
Flaws or errors in a product that make it unsafe or unfit for its intended use, possibly leading to recalls or liability issues for the manufacturer.
Strict Liability
A legal principle that holds an individual or entity responsible for damages or losses, regardless of fault or intention, in certain types of cases.
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