Reduce Liability
/rɪˈdus lɪəˈbɪləti/
Definitions
- (v.) To lessen or minimize legal responsibility or risk exposure.
Companies often take steps to reduce liability through contracts and insurance.
Forms
- reduces liability
- reduced liability
- reducing liability
Related terms
Commentary
Common in risk mitigation contexts; often involves contractual or procedural measures to contain potential losses or claims.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.