Indirect damage Clause Samples
The 'Indirect damage' clause defines the scope of liability for losses that are not a direct result of a party's actions but arise as a secondary consequence. In practice, this clause typically excludes liability for damages such as lost profits, loss of business opportunities, or reputational harm, which are considered indirect or consequential rather than direct losses. Its core function is to limit the parties' exposure to unforeseeable or disproportionate claims, thereby providing greater certainty and managing risk in contractual relationships.
Indirect damage. A Party is not responsible for indirect damage incurred by the other Party.
Indirect damage. NOTWITHSTANDING ANYTHING CONTRARY HEREIN, EXCEPT AS ARISING FROM A BREACH OF A PARTY’S CONFIDENTIALITY OBLIGATIONS UNDER ARTICLE 20 OR IN CONNECTION WITH A PARTY’S INDEMNIFICATION OBLIGATIONS UNDER ARTICLE 14, IN NO EVENT SHALL EITHER PARTY BE LIABLE FOR (I) SPECIAL, INDIRECT OR CONSEQUENTIAL DAMAGES; (II) LOSS OF ANTICIPATED PROFIT OR REVENUE, LOSS OF USE, COST OF CAPITAL; OR (III) PROPERTY DAMAGE INDEPENDENT OF THE PRODUCTS AND LOSS ARISING OUT OF SUCH DAMAGES.
Indirect damage. In the event of a claim that can be compensated under the terms of the policy, is liable for indirect damages in a flat- rate form with an additional compensation corresponding to 15% (fifteen per cent) of the amount paid under the terms of the policy.
Indirect damage. The Parties waive their right to claim compensation for any indirect damage that may occur in the context of the Agreement. The Parties consider that loss of production, loss of turnover and loss of profit to be indirect damage.