What is legal liability?
In: Other
I am not a lawyer so another person may have a better answer, but if they don’t I will give a basic understanding.
Liability means you are responsible. So Legal Liability means you are responsible if any legal actions must be taken.
Lets say you run an event that you need to rent a location, then you rent spaces for booths and food trucks. Say someone gets burned and wants to sue. Who is liable?
This is why in some contracts there are legal liabilities. Meaning in the case of an issue, the person in the contract that is legally liable needs to address this issue.
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