Liability results from a breach of duty or obligation by act or failure to act. It means that a party who is failing to fulfil their legal duty can become liable and has to pay the other party if they suffer loss because of a contract between them. With Limitation of liability clauses in a contract that amount can be limited and liability can be excluded for certain types of loss.
The Privacy Suite for WordPress
What is liability?
Get compliant today in the European Union, United States, Canada, United Kingdom, Australia & South Africa with the only Privacy Suite for WordPress that offers a fully-featured plugin for Worldwide Compliance.