Limitation liability clause sample 2025

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  1. Click ‘Get Form’ to open the limitation liability clause sample in the editor.
  2. Begin by filling in the date of the agreement at the top of the document. This sets a clear timeline for your contract.
  3. Enter the names and addresses of both parties involved: the Consultant and the Corporation. Ensure all details are accurate for legal purposes.
  4. In Section I, describe the nature of work that will be performed by the Consultant. Be specific about tasks and expectations.
  5. For Section II, indicate where the services will primarily take place. This helps clarify logistical arrangements.
  6. In Section IV, specify payment terms including amounts and reimbursement processes for expenses incurred during work.
  7. Review Section VIII carefully, as it outlines limitations on liability. Ensure you understand how this affects both parties' responsibilities.
  8. Finally, sign and date at the bottom to finalize your agreement. Use our platform’s signing feature for convenience.

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Also known as several. In the case of more than one obligor to an obligation, each obligor is liable for only its portion of the relevant obligation. A typical example of several liability is a syndicated loan agreement where multiple lenders are each liable for only their portion of the loan.
Each party to this Agreement enters into this Agreement solely on its own behalf, each such party shall solely be severally liable for any breaches of this Agreement by such party and in no event shall any party be liable for breaches of this Agreement by any other party hereto.
The undersigned Tenants are jointly and severally responsible and liable for all obligations under this agreement. The covenants and conditions herein contained shall apply to and bind the heirs, legal representatives, and assigns of the parties hereto, and all covenants are to be construed as conditions of this lease.
An example of a strict liability clause Heres how a strict liability clause might look in a contract: The Manufacturer shall be strictly liable for any damages or injuries resulting from defects in the Product, regardless of whether the Manufacturer exercised reasonable care during production.
A liability disclaimer is a statement that aims to limit the legal responsibility of an individual or organization for any potential harm or damages that might arise from specific activities, services, or products. It is often used as a protective measure to safeguard against claims or lawsuits.
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No Party shall have any liability to any other Party in the event that any Information exchanged or provided pursuant to this Agreement which is an estimate or forecast, or which is based on an estimate or forecast, is found to be inaccurate in the absence of willful misconduct by the Party providing such Information.

limitation of liability clause sample