“The clauses which set out the limitations of liability and the cap on liability are fundamental provisions for both a buyer and a seller – but why? What happens if these clauses are not properly drafted or the agreement is a standard, un-negotiated, set of conditions? What cannot be excluded or limited by law? The level of limitation can be ‘aggregate’, ‘per claim’ or ‘over a time period’, what are the pros and cons of each option? We finish the podcast with a number of real world examples of these clauses and our thoughts on them.”
Limitations of Liability
Mark Chapman
November 12, 2021
12:11 am
This reflects the law and market position at the date of publication and is written as a general guide. It does not contain legal advice, which should be sought in relation to a specific matter.
