Customer's Capped Liability Sample Clauses
The Customer's Capped Liability clause sets a maximum limit on the amount of financial responsibility the customer can incur under the contract. Typically, this cap applies to damages, losses, or claims arising from breaches of contract or negligence, and may be defined as a fixed sum or a percentage of the contract value. By establishing a clear upper boundary for liability, this clause provides predictability for the customer and protects them from potentially unlimited financial exposure, thereby allocating risk in a balanced and transparent manner.
Customer's Capped Liability. Subject to clauses 20.9 and 22.5, the combined maximum liability of the Customer and its Associates will be:
(a) Single Event or Series of Related Events: for any single event or related series of events, five million dollars; and