General Boilerplate Clause / Term

Limitation of Liability / Exclusion Clause

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Description:

Different forms of limitation of liability / exclusion clauses for reference. The parties under a contract can use limit their liabilities by (i) excluding liability for certain types of loss through an exclusion clause or (ii) putting a financial cap on liability for such losses through a limitation of liability clause.

The following are some typical limitation of liability, exclusion or exemption clauses the parties under a contract can use limit their liabilities by (i) excluding liability for certain types of loss through an exclusion clause or (ii) putting a financial cap on liability for such losses through a limitation of liability clause.

Such limitation of liability, exemption or exclusion clauses either seek to limit or exclude a party’s liability, or the counterparty’s rights or remedies. You can pick and choose which one is relevant for your contract.

Please note Party A is the party seeking to limit / exclude liability, Party B is the counterparty.

 

How to use this Document?

You should pick the most appropriate limitation of liability and / or exclusion clauses for your contract, there are various forms to choose from, e.g. cap on liability, exclusion of certain types of liabilities, time limit on claim etc.. 

Please pick the correct form and paste it into your agreement. You can also create your own version by combining sections from different limitation clauses to tailor one that is most appropriate for your need.

 

How to Tailor the Document for Your Need?

1. Click “Create Document” button and fill in any additional information by following the step-by-step guide on the left-hand side of the preview document and click the “Next” button.

2. When you are done, click the “Get Document” button and you can download the document in Word or PDF format.

3. Please get all parties to review the document carefully and make any final modifications to ensure that the details are correct before signing the document. Each party should have a copy of the executed document.

Document Type:

Agreements / contracts

Category:

Business > Commercial, Sales and Marketing > Terms and Conditions

 
Keywords:

boilerplate

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agreement

,  

general

,  

standard

,  

force majeure

,  

force majeure event

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Author:

DocPro Legal

DocPro Legal is a team of legal professionals with a passion for making quality documents and legal contract templates widely available to the public through cutting edge technology. Our lawyers are qualified in numerous common law jurisdictions including the United Kingdom, Australia, New Zealand, India, Singapore and Hong Kong. We have experience in major law firms and international banks with expertise in business, commercial, finance, banking, litigation, family, succession and company laws.