In a digital age where online communication has grown exponentially, it’s important to understand the implications of libel. As a business professional, understanding the legal definition and consequences of libel is essential.
What Is Libel?
Libel is written defamation. When an individual or business is professionally or financially damaged due to false claims made in a published or broadcast form, they may sued for libel. Defamatory claims are often about a person or business’s character, competence, or reputation and can be expressed explicitly or implicitly.
When evaluating if a statement can be defined as defamatory or libelous, it’s important to review if the statement tends to harm the reputation or lower the esteem of another person or business. Business professionals should take extra caution with online posts, videos, tweets, and other forms of social media.
The Consequences of Libel
The consequences of libel can have a tremendous financial impact to the individual and/or business accused of making a defamatory statement. Potential financial damages could include, but aren’t limited to, lost business and legal costs. Business professionals should be aware that these potential damages could be far more costly than the initial post or defamatory statement.
In addition to civil lawsuits, individuals or companies may file criminal cases against those accused of libel. All business professionals should take extra caution to ensure their communication with other businesses and customers clear and accurate.
In Summary
Libel is written defamation which can lead to civil and criminal liability. The potential for financial damages through lost business or legal costs can be significant. Business professionals must seek to ensure their online communication is factual and accurate to avoid the possibility of libel.