Entrance Gate of Sejong University, Seoul, Korea
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One way to avoid product liability claims, class actions, government investigations and consumer oriented claims is to have a proper product design risk management program in place. In my last blog post I talked about the necessity of implementing a proper product design risk management process including the use of checklists when considering product planning. Besides developing a product design risk management process, a company must implement a number of steps in the process ( whether in checklist format or not) that asks specific questions and considerations about product design and safety. Some of the most important include the following:
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By implementing a rigorous product design risk management program, a company takes an important step in the Legal Risk Management (LRM) process which will help mitigate and reduce the likelihood of product malfunction, product failure and of course product liability claims. And not only will the GC have a nice Christmas, but all in Sales & Marketing will have one as well.
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MERRY CHRISTMAS!
