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four Clauses you need to have in your contracts in order to mitigate potential risk are indemnification Clauses limitation of liability Provisions Force merer Clauses and dispute resolution mechanisms these Clauses outline specific responsibilities liabilities and remedies in the event of unforeseen circumstances or disputes want an explanation indemnification Clauses specify which part is responsible for losses damages or liabilities arising from certain events or actions limitation of liability Provisions is establish the maximum amount of liability that one party can incur under the contract Force Major Clauses addresses unforeseeable events beyond the control of the parties such as natural disasters or pandemics last but not least dispute resolution mechanisms outline procedures for resolving disputes such as negotiation mediation arbitration or litigation by incorporating these Clauses into your contracts parties can clarify their rights and obligations minimize uncertainties and
