Liabilities Limited Sample Clauses

The 'Liabilities Limited' clause serves to restrict the amount or type of liability that one or both parties may face under a contract. Typically, this clause sets a cap on damages, excludes certain types of losses (such as indirect or consequential damages), or limits liability to specific circumstances, such as breaches of confidentiality or gross negligence. By clearly defining the boundaries of financial responsibility, this clause helps manage risk and provides certainty for both parties regarding their potential exposure in the event of a dispute or loss.