2009
Search results
Feb 24, 2021 · A safe harbor is a provision in a law that affords protection from liability or penalty when certain conditions are met. The safe harbor concept is used in several areas of law, including taxation, such as the provision for a Safe Harbor 401(k).
safe harbor. A provision granting protection from liability or penalty if certain conditions are met. A safe harbor provision may be included in statutes or regulations to give peace of mind to good-faith actors who might otherwise violate the law on technicalities beyond their reasonable control.
A safe harbor is a provision of a statute or a regulation that specifies that certain conduct will be deemed not to violate a given rule. It is usually found in connection with a more-vague, overall standard. By contrast, "unsafe harbors" describe conduct that will be deemed to violate the rule.
The term safe harbor is used the real estate, legal and finance industries in several different ways. According to Cornell University Law School’s Legal Information Institute, safe harbor is: “A provision granting protection from liability or penalty if certain conditions are met.”.
- www.ftc.gov
- › Business Guidance
- › Privacy and Security
This new Framework, which replaces the Safe Harbor program, provides a legal mechanism for companies to transfer personal data from the EU to the United States. The FTC will enforce the Privacy Shield Framework.
Definition of "safe harbor". A legal provision that offers protection from penalties or liabilities. How to use "safe harbor" in a sentence. The company complied with the specific conditions of the safe harbor to avoid potential penalties.
The safe harbor requires that at least 75 percent of the recruited practitioner's revenue be from patients who reside in HSPAs or medically underserved areas or are members of medically underserved populations, such as the homeless or migrant workers. The safe harbor limits the duration of payments to three years.
