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Limitations On Liability Sample Clauses: 6K Samples

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Explore limitation of liability clauses for contracts. Copy, customize, and use them instantly to fit your legal needs. Limitations of Liability. The Trustee shall have no responsibility or liability to: (a) Imply obligations, perform duties, inquire or otherwise be subject to the provisions of any agreement or documen

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Per the cases listed above, the ACCC regards limitation of liability and indemnity clauses that are too broad as unfair. In most cases, a balanced and reasonable limitation of liability or indemnity clause would adequately protect a party without creating UCT risk. Provide adequate carve outs to a liability and indemnity clause. We will look at what a limited liability clause means, its legal definition, purpose, benefits, types of liability that can be limited, is it enforceable in law, compare it to an exculpatory clause and indemnification clause, look at clause samples and examples and more! Limitation of Indemnification. Notwithstanding any other terms of this Agreement, nothing herein shall require the Company to indemnify the Indemnitee against any liability arising directly as a result of fraud or dishonesty by the Indemnitee, violate of any applicable laws and regulations or breach of its fiduciary duties, as determined in a final judgment of a court or arbitral body of

Limitation of Indemnification Sample Clauses: 288 Samples

An excellent way to limit the amount of liability undertaken by the design professional is the limitation of liability clause (LoL) . By including a limitation of liability clause in your contract, you can better predict the extent of your potential liability and obtain appropriate coverage at a more reasonable cost. Discussion The rationale for capping liability for design Search Indemnification and Limitation of Liability contract clauses from contracts filed with the Securities and Exchange Commission. Limitation of liability clauses can be a primary line of defense in contracts when it comes to first-party damages.

The „Exceptions to Limitations of Liability“ clause defines specific circumstances where the general caps or limits on a party’s liability do not apply. Typically, this clause carves out exceptions for issues such as willful misconduct, gross negligence, breach of confidentiality, or infringement of intellectual property rights, meaning that in these cases, a party may be fully

Explore Limitations of Liability Clauses – why they matter, key components, challenges, solutions & industry use. Get insights with a checklist Automobile Liability Insurance. Automobile Liability insurance covering bodily injury and property damage in an amount no less than one million dollars ($1,000,000) combined single limit for each occurrence. Covered vehicles shall include owned, non-owned, and hired automobiles/trucks. The Limitation of Liability; Disclaimer clause restricts the amount and types of damages that one party can recover from the other in the event of a dispute or breach of contract. Typically, this clause sets a maximum cap on monetary liability, excludes certain types of damages such as indirect or consequential losses, and may also state that some warranties are not provided. Its

  • Liability Supercap Sample Clauses
  • Limit of Liability Contract Clause Examples
  • Waiver of Claims Sample Clauses: 6k Samples

Liability Supercap Liability Solely Corporate No recourse shall be had for the payment of the principal of or premium, if any, or interest, if any, on any Securities, or any part thereof, or for any claim based thereon or otherwise in respect thereof, or of the indebtedness represented thereby, or upon any obligation, covenant or agreement under this Indenture, against any incorporator

Examples of liability cap clauses in contracts

Mutual Representations and Warranties. Each Party represents and warrants that: (a) it has all requisite power and authority to execute and enter into the Agreement and perform its obligations therein and hereunder and that the Agreement is a valid and binding agreement by such Party; (b) the execution of the Agreement, and its performance under it, will not constitute a breach or Section8.03 Liability Cap. Notwithstanding anything contained herein or in the SDA, to the maximum extent permitted by applicable Law, except in the instance of willful misconduct or gross negligence of Service Provider (or any of its Related Parties), the maximum aggregate liability of each Party (including its Related Parties) arising out of or in connection with this Agreement

The Limitation of Liability and Indemnity clause sets boundaries on the amount and types of damages one party can recover from the other, and outlines the circumstances under which one party must compensate the other for certain losses or claims. Typically, this clause restricts liability to direct damages, excludes consequential or punitive damages, and may cap the total

Fillable Online Warranties and Limitation of Liability Sample Clauses ...

Limitations on Indemnification. Any other provision herein to the contrary notwithstanding, the Company shall not be obligated pursuant to the terms of this Agreement: Sample 1 Sample 2 Sample 3 See All (100) A Limitation of Liabilities clause sets a cap on the amount or types of damages that one party can recover from another under a contract. Typically, this clause restricts liability to direct damages and may exclude indirect, consequential, or punitive damages, often specifying a maximum monetary amount or limiting liability to the value of the contract. Its core function is to allocate

Limit of Liability. Under no circumstances will the Company or an Affiliate be liable for any indirect, incidental, consequential or special damages (including lost profits) of any form incurred by an Explore how Limitation of Liability clauses work in Australian contracts, safeguarding parties and clarifying legal boundaries effectively today. Limitations on Indemnification. Any other provision herein to the contrary notwithstanding, the Company shall not be obligated pursuant to the terms of this Agreement: Sample 1 Sample 2 Sample 3 See All (100)

LIMITATION OF LIABILITY CLAUSE. 11.1 We accept the Platform “as is”. There is no warranty or guarantee (express or implied) unless it is written here. This means all implied warranties of merchantability, merchantable quality, title, non-infringement, durability or fitness for a particular use, purpose or application; timeliness, freedom from interruption; or any implied warranties Waiver of Claims. In the event City terminates the Agreement in accordance with the terms of this Section, Consultant hereby expressly waives any and all claims for damages or compensation as a result of such termination except as expressly provided in this Section 6. Sample 1 Sample 2 Sample 3 See All (188) AI Clause Wizard

Limitations on Liability Sample Clauses A Limitations on Liability clause sets a cap on the amount or types of damages that one party can recover from the other in the event of a breach or other legal claim. Waiver of Claims. (a) To the maximum extent permitted by law, each Subordinated Lender waives any claim it might have against the Issuer with respect to, or arising out of, any action or failure to ac Professional Liability. Before commencing work on this Agreement and throughout the term of this Agreement, the Party shall procure and maintain professional liability insurance for any and all services performed under this Agreement, with minimum coverage of $1,000,000 per occurrence, and $3,000,000 policy aggregate.

Allocation. Following the Closing, Purchaser shall prepare and deliver to Sellers an allocation of the aggregate consideration among Sellers and, for any transactions contemplated by this Agreement th The Exclusion of Limitation of Liability clause serves to prevent either party from restricting or capping their liability for certain types of losses or damages. In practice, this clause typically specifies that limitations on liability do not apply to particular situations, such as cases involving gross negligence, willful misconduct, or breaches of confidentiality. By doing so, it ensures Cybersecurity Sample Clauses A Cybersecurity clause establishes the obligations and standards that parties must follow to protect digital information and systems from unauthorized access, breaches, or cyberattacks.

8. MUTUAL LIMITATION OF LIABILITY. IN NO EVENT WILL COMPANY OR CONSULTANT BE LIABLE FOR ANY SPECIAL,INCIDENTAL, PUNITIVE OR CONSEQUENTIAL DAMAGES OF ANY KIND IN CONNECTION WITH THIS AGREEMENT, EVEN IF COMPANY OR CONSULTANT HAS BEEN INFORMED IN ADVANCE OF THE POSSIBILITY OF SUCH The purpose of a limitation of liability clause in a contract is to seek to exclude or limit a party’s liability to the other under it. The parties to a contract should analyse carefully what their potential liabilities may be under it and assess what limitations may be appropriate. In general, a limitation of liability clause is more likely to favour the supplier than the customer.