Final answer:
Informed consent is a process where individuals are given all necessary information about the risks and benefits of a medical procedure or study to make an educated decision. It is essential for respecting participant autonomy and avoiding legal and ethical issues for providers.
Step-by-step explanation:
Informed consent is a vital process in the medical and research fields, ensuring that individuals are fully aware of and understand the risks, benefits, and other relevant aspects of a medical procedure or research study before agreeing to participate.
It is crucial for ethical and legal reasons, as it respects the autonomy of participants and patients, allowing them to make educated decisions regarding their involvement. Providers must clearly outline all risks and benefits to avoid legal repercussions, maintain trust, and uphold the integrity of the medical profession or research study. If informed consent is not properly obtained, providers may face legal challenges, including lawsuits for malpractice or ethical breaches, which can result in financial losses, damage to reputation, and revocation of licenses.