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What is a limitation of damages clause?

A limitation of damages clause is a contractual agreement where parties either exclude or limit the availability of damages that statutory law otherwise entitles them to.

What are limitations in a contract?

What Is a Limitation Clause? Limitation clauses are an important part of contracts. They are where the contract spells out what each side will be held responsible for under the specific terms and conditions also outlined.

What is the purpose of a limitation of liability?

A limitation of liability clause in a contract limits the amount of money or damages that one party can recover from another party for bdocHubes or performance failures. In other words, the clause can put a cap on the number of damages the organization will have to pay under certain circumstances.

What does limitation of damages mean?

A limitation of damages clause is a contractual agreement where parties either exclude or limit the availability of damages that statutory law otherwise entitles them to.

What is a limiting clause?

A limitation clause is a constitutional provision which enables constitutionally protected rights to be partially limited, to a specified extent and for certain democratically justifiable purposes.

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