General Provisions on Material and Legal Defects Sample Clauses

General Provisions on Material and Legal Defects. 4.1 Any rights and claims of the Buyer for material or legal defects of the Object of Purchase shall be excluded unless explicitly otherwise agreed on in this Agreement. Any liability of the Seller for damages, for defects or any other reason, is shall be limited, with the exceptions of Section 4.2, to direct damage, in particular excluding consequential damage such as lost gains from an on-sale; the parties make it clear that a reduction of rental income resulting from a defective purchase object, for instance due to reduced rents, claims for damages or set-offs by tenants, shall constitute direct damage.
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