Financial Limits. Subject to clause 6.1.1, the liability of either party for Defaults shall be limited as stated below: (a) the liability of either party under the Contract for any one Default resulting in direct loss of or damage to tangible property of the other party or any series of connected Defaults resulting in or contributing to the loss of or damage to the tangible property of the other party shall not exceed the sum of £5,000,000 (five million pounds); (b) the aggregate liability of either party under the Contract for all Defaults, other than those governed by paragraph (a) above, shall not exceed the Contract Price.
Appears in 2 contracts
Sources: Contract for the Supply of a Web Based Software Solution for Patient Experience Questionnaires, Provision of an Adult Social Care Web Based Information Hub
Financial Limits. Subject to clause 6.1.17.1.1, the liability of either party for Defaults shall be limited as stated below:
(a) the liability of either party under the Contract for any one Default resulting in direct loss of or damage to tangible property of the other party or any series of connected Defaults resulting in or contributing to the loss of or damage to the tangible property of the other party shall not exceed the sum of £5,000,000 (five million pounds);
(b) the aggregate liability of either party under the Contract for all Defaults, other than those governed by paragraph (a) above, shall not exceed the Contract Price.
Appears in 1 contract
Sources: Draft Agreement for Unlicensed and Off Label Medicines Evaluation Service