LIMITATION OF LIABILITY

Other Names: No Special Damages • Waiver of Special Damages • No Consequential or Special Damages • Disclaimer of Consequential and Special Damages • Cap • Cap Amount • Cap on Liability • Liability Cap

Sample Clause Language:

IN NO EVENT WILL [PARTY B] BE LIABLE FOR ANY INDIRECT, PUNITIVE, SPECIAL, EXEMPLARY, INCIDENTAL OR CONSEQUENTIAL DAMAGES IN CONNECTION WITH OR ARISING OUT OF THIS AGREEMENT [(INCLUDING LOSS OF BUSINESS, PROFITS, USE, DATA, OR OTHER ECONOMIC ADVANTAGE)], HOWEVER IT ARISES, WHETHER FOR BREACH OF THIS AGREEMENT OR IN TORT, EVEN IF [PARTY B] HAS BEEN PREVIOUSLY ADVISED OF THE POSSIBILITY OF SUCH DAMAGE.

Source: Based on Touchpoint Group Holdings Inc. (2020, April 30). Form 8-K. Retrieved from SEC EDGAR website http://www.sec.gov/edgar.shtml


 

Description:

Limitation of Liability clauses limit the type and/or amount of damages a party may be responsible for under the agreement. The sample clause here is a short-form version that limits Party B’s liability in terms of type (e.g., special damages).

Common Contracts with this Clause:

  • Sale of Goods Agreements
  • Services Agreements
  • Licensing Agreements
 

What you'll see with Lawgood:

Number of Positions Available:

Four (4) Alternative Positions

  • Unilateral (Long-Form)
  • Unilateral (Short-Form)
  • Mutual (Short-Form)
  • Mutual (Long-Form)

Related Clauses:

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