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The article takes a look at contract liability and damage clauses in manufacturing agreements.

The article discusses hotel bankruptcy and the financial obligations of the parties involved in a contract. It states that before entering a business agreement make sure that the true identity of the other party is named correctly in the contract since it can affect the liability of both parties in case of a business failure. It also cites the difference of bankruptcy from foreclosure and receivership.

The article reports on the collaboration between the legal arm of the Nuclear Industry Association (NIA) and the Department for Business, Enterprise and Regulatory Reform to deal with changes to the law that will increase the liability of nuclear power operators in 2009 in Great Britain. The estimated increase will be from £40 million to £50 million. It states that the NIA suggests for the government to set up a quasi-insurance scheme.

The article reports that the Forum of Private Business (FPB) calls on the government to reverse its corporation tax burden on small business Great Britain. The corporation tax increased from 19 percent to 21 percent from 2007 and a forecast mentions another increase to 22 percent in April 2009. The FPB mentions that the tax increases are weakening the small business in Great Britain and the lowering of tax liability would encourage reinvestments in firms and business expansion.

The article presents information on the study "Risky Business: The Annual Boardroom Guide to Litigation in the 50 States" which states that Michigan is ranked seventh among the best states in which to operate a business from a liability perspective. The study, conducted by the national nonprofit coalition American Justice Partnership, compares legal climates in all 50 states and is featured in the June/July 2007 edition of periodical "Directorship".

The article discusses issues concerning the takeover of Time Warner Inc. (TM) by AOL LLC. According to Ohio's attorney general, claims with the state's public employees are agreed to be settled by TW. As a result of the merger, the stock prices fell and held TW liable to heavy debts and claims. It is reported that with moderate trading in the share market, TW stock prices have stabilized to $19.86.

The article discusses the accountability of hotels for reasonable care of its employee particularly during bad weather such as snowstorm taking into account his own experience on the matter cited. The author stresses basing on the common law that the hotel must exercise reasonable care for the safety of its guests. If it will be found negligent and liable, then it will have to pay for compensatory damages. Some examples of reasonable care that hotel can do during bad weather: (1) The hotel has published an weather manual designating safety tasks to various departments during bad weather; (2) The hotel has continuous training program for employees to enact manual's procedures during bad weather; and (3) The hotel should have the necessary equipment during bad weather.

Recommends strategies on how companies can reduce their liabilities in their web sites. Creation of a corporation or limited liability company; Setting up a separate legal entity for online business; Carrying adequate insurance.

Reports on the activities of hotels in the U.S. Discussion of potential liability issues in a hotel; Risks involved in hotel activities; Description of a liability waivers.

Focuses on how electronic documents can be potential liability and can put a company into several lawsuits. Steps executives can take to reduce the possibility of harm or embarrassment resulting from electronic discovery; Information on electronic discovery; Problems posed by e-mail system to companies.

Deals with the liability of travel agencies for acts or omissions of travel suppliers. Importance of reminding clients that agents are not liable for the acts or omissions of suppliers; Benefits of assisting clients with claims against the supplier.

Focuses on the efforts of the National Association of Wholesaler (NAW) Distributors to conquer Congressional resistance on the passage of liability bills in Washington D.C. Support of NAW on Small Business Liability Reform Act of 2000; Need for support from distributors for the passage of H.R. 2366; Passage of the Workplace Goods Job Growth and Competitiveness Act of 1999.

Reports the impact of the approval of Small Business Liability Reform Act in Washington D.C. Purpose and of the bill; Extension of product liability relief to broad segment of economy; Reasons on approval of the bill by House of Representatives.

Focuses on the drafting of legislation in the United States Congress which would limit liability to businesses concerning meltdowns in computer systems as a result of the year 2000 computer problem. Features of the bill; Total limit for punitive damages to be imposed against companies; Previous efforts by business groups for laws to limit liability.

Discusses the liability associated with business enterprises on the Internet. Difficulty posed by the interpretation of the law relating to cyber-business; Comments from Thomas Cornwell, a vice president of Chubb and Son's Incorporated's Technology Insurance Group.

Examines the $368 billion settlement proposed between tobacco companies and representatives of smokers with health claims in the United States. Proposed banning of all advertising on billboards, the Internet, sports events, concerts and point-of-sale displays; Provision of the Food & Drug Administration (FDA) the power to regulate tobacco products.