General Boilerplate Clause / Term
Limitation of Liability / Exclusion Clause
Different forms of limitation of liability / exclusion clauses for reference. The parties under a contract can 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.
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Document Description
Different forms of limitation of liability/exclusion clauses for reference. The parties under a contract can 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 limit or exclude a party's liability or the counterparty's rights or remedies. You can pick and choose which one is relevant to 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, the time limit on the claim, etc.
Please pick the correct form and paste it into your agreement. You can also create your version by combining sections from different limitation clauses to tailor the most appropriate one for your needs.
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