- By Dibya Sarkar
- Jun 28, 2004
Under the Support Anti-terrorism by Fostering Effective Technologies Act of 2002, products, equipment, services, devices and information technologies can qualify for liability protection. Qualified anti-terrorism technologies can be designated based on certain criteria, or they can be granted certification, which is a higher level of protection.
Benefits to sellers of qualified anti-terrorism products include:
Exclusive jurisdiction in federal courts for lawsuits against them.
Limitation on a sellers' liability to an amount of liability insurance coverage specified for each technology.
Sellers' liability for percentage of noneconomic damages proportionate to their responsibility for the harm.
Prohibition on punitive damages and prejudgment interest.