Exemption Clause Sample Clauses
An exemption clause is a contractual provision that limits or excludes one party's liability for certain breaches or losses. Typically, this clause specifies particular situations or types of damages for which the party will not be held responsible, such as accidental damage, delays, or events beyond their control. Its core practical function is to allocate risk between the parties and provide clarity on the extent of liability, thereby protecting the party relying on the clause from potentially significant legal or financial exposure.
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Exemption Clause. If either party or both parties are unable to perform or fully perform their obligations under this agreement due to force majeure, neither party shall be liable for breach of contract. However, in the event of force majeure, either party or both parties shall inform the other party in writing of the situation within 15 days after the occurrence of force majeure and provide proof from relevant departments. Within a reasonable time after the elimination of force majeure, one or both parties shall continue to perform the contract.
Exemption Clause. In the event that the performance of this agreement is prevented or hindered due to unforeseeable and irresistible factors such as natural disasters, war, or significant changes in national laws or policies, the defaulting party shall not be liable for breach of contract. However, if the defaulting party fails to notify the other party within a reasonable time and provide corresponding evidence, resulting in an increase in the other party’s economic losses, the defaulting party shall be liable for compensating the additional economic losses incurred by the other party.
Exemption Clause. 16-1. X shall not be liable for any loss incurred by Y due to any delay in return upon Y's request of property deposited as security with X, if such delay results from any circumstance beyond X's control, such as a natural calamity, etc.
Exemption Clause. 1. Should any party fail to execute this Agreement due to force majeure, some or all of the responsibilities may be exempted according to the impact of force majeure. However, should the occurrence of force majeure take place after delay fulfillment of the obligation by the party, the responsibility shall not be exempted.
2. Should any party fail to execute the Agreement due to force majeure, the party shall promptly inform the other two parties to minimize the possible losses and shall provide the proof of force majeure and its effect on the execution of the Agreement within a reasonable time period.
3. Due to the unique features of Internet, the speed of the connection may be reduced at times, or the connection may be discontinued briefly. Both Party A and Party B acknowledge that these occurrences are normal. However, the annual accumulated discontinuing time shall not exceed 2 hours, and Party B shall not be held liable within this limit. Should the discontinuing time exceed 2 hours within one year, Party B shall reduce the fee payment by Party A in accordance with Data Service Terms in Appendix I.
Exemption Clause. The non-performing Party shall not assume any default liability when such Party is unable to perform or fully perform all relevant obligations under this Agreement due to occurrence of force majeure (including earthquake, typhoon, flood, fire, war and governmental administrative actions of interference).
Exemption Clause. 36.1 SIF shall not be liable at any time to the Borrower for any losses damages costs expenses and any other liabilities of whatsoever nature or description which may be made, incurred or suffered by the Borrower in connection with or in any manner arising out of or in consequence of the malfunction, failure, breakdown or disruption of SIF’s computer system hardware, software or otherwise.
Exemption Clause. 10.1. In case of loss of the insured property, the determination of liability for compensation shall be subject to the claim investigation result of insurance company, and compensation will be made according to the provisions in “Insurance Law” and relevant laws and regulations.
Exemption Clause. Party A and Party B agree that during the lease term, this Agreement shall be terminated under any of the following circumstances, and both parties shall not bear any responsibilities:
16.1 The land use right within the occupied area of the Leased Unit is recovered in advance according to law;
16.2 The Leased Unit is requisitioned according to law for social and public interests;
16.3 The Leased Unit is included in the scope of house demolition permit according to law due to the needs of urban construction;
16.4 The Leased Unit is damaged, lost or identified as a dangerous house;
16.5 In case of force majeure, such as earthquake, flood and other unforeseeable, unavoidable and insurmountable objective conditions, the Agreement can not be fulfilled or cannot be fulfilled on schedule;
16.6 Other cases as specified in laws and regulations.
Exemption Clause. After Party B pays off the entire transfer price according to the timeline in Article 4 of this Agreement, Party A agrees that it will not take any action against Party B for its breach of the Contract according to its Article 7.
Exemption Clause. 36.1 SingFinance shall not be liable at any time to the Borrower for any losses damages costs expenses and any other liabilities of whatsoever nature or description which may be made, incurred or suffered by the Borrower in connection with or in any manner arising out of or in consequence of the malfunction, failure, breakdown or disruption of SingFinance’s computer system hardware, software or otherwise.