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can anyone explain the term "safe harbor statement"?

Question:
can anyone explain the term "safe harbor statement"?

Answer:
A safe harbor is a provision of a statute or a regulation that reduces or eliminates a party's liability under the law, on the condition that the party performed its actions in good faith. Legislators include safe-harbor provisions to protect legitimate or excusable violations. An example of safe harbor is performance of a Phase I Environmental Site Assessment by a property purchasor: thus effecting due dilligence and a "safe harbor" outcome if future contamination is found caused by a prior owner.
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