EXCLUSIVE REMEDIES

Other Names: Sole and Exclusive Remedy • Sole Remedy • Exclusive Remedy • Exclusive Remedy and Release • Exclusive • Remedy • Remedies • Remedies Exclusive

Sample Clause Language:

The provisions of [SECTION NUMBER WITH EXCLUSIVE REMEDY – E.G., INDEMNIFICATION] shall be the sole liability of [PARTY A] and sole remedy of [PARTY B] with respect to [DESCRIBE SPECIFIC BREACHES].

Source: Based on Horizon Therapeutics Public LTD Co. (2019, May 8). Form 10-Q. Retrieved from SEC EDGAR website http://www.sec.gov/edgar.shtml


 

Description:

Exclusive Remedies clauses provide that certain remedies are the only remedies that a party can seek for a specific type of breach or any breach. The sample clause here is unilateral and drafted in favor of Party A. The clause provides that Party B will only have certain remedies available to it for specific breaches.

Common Contracts with this Clause:

  • Service Agreements
  • Independent Contractor Agreements
  • Purchase Agreements
  • Licensing Agreements
 

What you'll see with Lawgood:

Number of Positions Available:

Three (3) Alternative Positions

  • Mutual (General)
  • Mutual (Specific)
  • Unilateral

Related Clauses:

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