Liability ceiling Clause Samples
A liability ceiling clause sets a maximum limit on the amount of financial responsibility one party can be held to under a contract. Typically, this cap applies to damages arising from breaches of contract or negligence, and may be defined as a fixed sum, a percentage of contract value, or another agreed metric. By establishing a clear upper boundary for potential losses, the clause provides predictability and protects parties from unlimited or disproportionate exposure to risk.
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Liability ceiling. If Party B is responsible for the loss or damage to Party A, it shall be liable for the research cost set in Article 5 hereof.
Liability ceiling. The maximum aggregate liability of the Shareholders and SPSS Inc., respectively, under this Agreement shall be limited as follows:
Liability ceiling. Seller’s aggregate liability arising out of or related to this agreement, whether arising out of or related to breach of contract, tort (including negligence), or otherwise, shall never exceed the total of the amounts paid to Seller for the products and labor sold hereunder.