liability reform

Liability reform involves changing laws to modify how legal responsibilities and damages are handled when someone causes harm or injury. It aims to balance protecting individuals’ rights to seek fair compensation with preventing excessive or unfair lawsuits that can burden businesses and the legal system. These reforms may limit the amount of damages awarded, shorten the time to file claims, or raise the standard of proof needed. Overall, liability reform seeks to create a fairer, more predictable legal environment that encourages responsible behavior while supporting economic stability.