----- Original Message -----
Sent: Thursday, September 20, 2007 07:30
AM
Subject: [LML] product liability
Years ago I was involved with the company that manufactured
cloth towel cabinets used in public restrooms. To our surprise kids were
hanging in themselves in the loop of the towel. We had several lawsuits
and we were able defend ourselves. It was very costly. The interesting
thing was many of these cabinets were over 30 to 40 years old and rebuilt by
other companies. We ended up taking steps of plastering warning labels
and specials shields on the cabinets. It seemed to work. But presently
you do not see this product on the market in this country any
more.
I’m about to start building my legacy and I’m very
concerned about liability. Something no one mentioned but I am doing is
creating a company for the aircraft. I am going to build the aircraft
under the entity other than myself. Whenever it’s time to depart with
the aircraft the company will be sold with its assets. It happens to be
the only asset will be the aircraft. After putting my blood sweat and
tears into this project there is no way I can take a chainsaw to it. So
creating layers of protection is the only way to cover ones
behind.
Russell
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Date: 9/17/2007 1:29 PM