Liability and Related Issues Clause Samples

Liability and Related Issues. 15.1 For the purposes of this clause 15, references to a party include any of its officers, employees or agents. 15.2 The liability of one party to the other party under this Agreement (including under the indemnity in clause 8) shall not include: (a) loss of profits or revenue; (b) loss of business; (c) loss of contracts; (d) indirect, special, incidental or consequential loss or damage; and (e) claims of third parties for any of the matters referred to in sub-clauses (a) to (d) above. 15.3 Nothing in this Agreement shall exclude or limit the liability of a party for death or personal injury resulting from the negligence of such party. 15.4 Each party acknowledges and agrees that the other party holds the benefit of the provisions of this clause 15 for itself and as trustee and agent for its officers, employees and agents. 15.5 Each provision of this clause 15 shall be construed as a separate and severable contract term, and shall remain in force and effect and shall continue to bind the parties even if this Agreement is terminated. 15.6 Each party acknowledges and agrees that the provisions of this clause 15 are fair and reasonable.