How is Civil Liability defined in a legal contract?
- Civil Liability means any responsibility that arises from a function or duty of an entity according to law, including any public responsibility or any culpability for negligence fall under it. Seen in 8 SEC filings
- Civil Liability means any obligation that is not criminal in nature, which is assumed by an entity as per law. Seen in 5 SEC filings
- Civil Liability means the financial consequences that an entity bears when it is rightfully answerable for damages caused to third parties. Seen in 5 SEC filings
- Civil Liability means the legal recourse towards claims for compensation that arise out of professional business. Seen in 4 SEC filings
- Civil Liability means the responsibility that gives rise to a claim, except for claims covered by [regulation] of the [organization]. Seen in 3 SEC filings
- Civil Liability means the accountability for compensatory damages, costs and expenses that an insured entity may be ordered by a civil court to pay on a claim. Seen in 3 SEC filings.
Note: The Genie AI Legal Assistant pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.
Search EDGAR for 'Definitions of civil liability' yourself to verify these results. We are always keen to point people to source documents.
Which definition should you use?
🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.
Genie Definition 1
- Civil Liability means the legal obligation of an entity under the law, inclusive of negligence and public responsibilities.
Relevant Contract Types
- Professional Services Contracts
- Non-Disclosure Agreements
- Product Licensing Contracts
- General Partnership Agreements
Relevant Circumstances
- When civil duties pertaining to negligence are involved.
- When there's a requirement to establish the scope of responsibilities.
- When dealing with claims resulting from law violations.
Relevant Sectors
Genie Definition 2
- Civil Liability means compensation, cost and expenses an entity is mandated to pay, following a lawful claim.
Relevant Contract Types
Relevant Circumstances
- When monetary penalties and compensations are to be outlined.
- When establishing the liability of an entity for a claim.
- When it is necessary to specify reporting requirements and procedures for claims.
Relevant Sectors
Civil Liability means the legal obligation of an entity under the law, inclusive of negligence and public responsibilities
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