Common use of INDIRECT AND CONSEQUENTIAL DAMAGES Clause in Contracts

INDIRECT AND CONSEQUENTIAL DAMAGES. Neither party shall be liable to the other for any indirect, incidental or consequential losses or damages of any type or for loss of profit, loss of use, loss of business, or loss of financial advantage unless such loss or damage is due to the gross negligence or willful misconduct of such party or its supplier(s).

INDIRECT AND CONSEQUENTIAL DAMAGES. Neither party shall be liable to the other for any indirect, incidental or consequential losses or damages of any type type, or for loss of profit, loss of use, loss of business, or loss of financial advantage unless such loss or damage is due to the gross negligence or willful misconduct of such party or its supplier(s).