INDIRECT OR CONSEQUENTIAL DAMAGE Sample Clauses
The Indirect or Consequential Damage clause limits a party’s liability by excluding responsibility for losses that are not a direct result of a breach, such as lost profits, loss of business opportunities, or reputational harm. In practice, this means that if one party fails to meet its contractual obligations, the other party cannot claim compensation for damages that are considered indirect or consequential, even if those damages are significant. This clause serves to allocate risk between the parties and provides predictability by ensuring that liability is restricted to direct losses, thereby preventing potentially unlimited or unforeseeable claims.
INDIRECT OR CONSEQUENTIAL DAMAGE. A Party shall not be liable for any indirect or consequential damage, such as loss of income or unobtained profit, caused to the other Party. Damages that a Party is liable to pay paid to third parties due to breach of confidentiality under this Agreement by the other Party shall not be considered indirect damages.
INDIRECT OR CONSEQUENTIAL DAMAGE. Except as expressly provided in the Contract pursuant to Clauses 34 and 35, either Party shall not be liable to the other Party by way of indemnity or by reason of any breach of the Contract or of legal duty or by reason of tort (including but not limited to negligence) or otherwise for any loss of profit, loss of use, loss of production, loss of contracts or for any indirect or consequential loss or damage whatsoever that may be suffered by the other of them. This Clause 44.2 shall not affect any liability of either Party arising as a result of the fraud, deliberate default or reckless misconduct of such Party.