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Today's Terms
Dispute Resolution Programs
Definition:
During mediation, both sides involved in the dispute meet with a neutral third party and create their own agreement jointly. In contrast, in arbitration the third party decides how to settle the problem.
Design Defect
Definition:
If the actual design of a product makes it unreasonably dangerous, then every product with that design is defective. For example, the poor design of the Ford Pinto is what made it defective, and because the design was common to all Pintos, they were all defective in design.
Product Liability Fairness Act
Definition:
Allows unimpaired victims of asbestos exposure to be reimbursed for some medical monitoring costs
More Product Liability Terms >
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State Statutes Resource Center 