Liability regime

A liability regime is a set of legal rules that determine who is responsible for damages or harm caused by a person, organization, or activity. It defines when and how someone must compensate others for losses, injuries, or damages. Different regimes apply depending on the situation, such as contractual liability, tort law, or specific industry rules. Essentially, it provides clarity about accountability and legal obligations, ensuring that those harmed can seek remedy and that responsibility is fairly assigned based on established legal standards.