/ˌlaɪəˈbɪləti rɪˈstrɪkʃən/ – Phrase
Definition: sự hạn chế trách nhiệm, sự giới hạn trách nhiệm.
A more thorough explanation: Liability restriction refers to a limitation or restriction placed on the legal responsibility or obligation of an individual or entity to compensate for damages, losses, or injuries caused to another party. This restriction may be imposed by law, contract, or agreement, and it typically defines the extent to which a party can be held liable for certain actions or events.
Example: The liability restriction clause in the contract limits the company’s financial responsibility in case of any damages caused by their products.