Liability for Incidents Clause Samples
The 'Liability for Incidents' clause defines which party is responsible for damages, losses, or injuries that occur as a result of specific incidents during the course of the agreement. Typically, this clause outlines the scope of liability, any limitations or exclusions, and may specify procedures for reporting and handling incidents. For example, it might state that a service provider is liable for property damage caused by its employees, but not for losses resulting from client negligence. The core function of this clause is to allocate risk between the parties and provide clarity on financial responsibility in the event of unforeseen incidents.
Liability for Incidents. Notwithstanding anything to the contrary contained in the Agreement, or any other agreement with DocStar or its Affiliates, DocStar’s and its Affiliates’ aggregate liability to Customer or its Affiliates for Losses arising out of or related to an Incident will not exceed the greater of (i) the amount of fees paid to DocStar and its Affiliates during the 12-month period preceding the Incident, and (ii) USD$1 million.
Liability for Incidents. Notwithstanding anything to the contrary contained in the Agreement, or any other agreement with Epicor or its Affiliates, Epicor’s and its Affiliates’ aggregate liability to Customer or its Affiliates for Losses from third party claims arising out of or related to an Incident will not exceed the greater of (i) the amount of fees paid to Epicor and its Affiliates during the 12-month period preceding the Incident, and (ii) USD$500,000.
Liability for Incidents. Notwithstanding anything to the contrary contained in the Agreement, or any other agreement with Cincinnati Incorporated or its Affiliates, Cincinnati Incorporated’s and its Affiliates’ aggregate liability to Customer or its Affiliates for Losses from third party claims arising out of or related to an Incident will not exceed the lesser of (i) the amount of fees paid to Cincinnati Incorporated and its Affiliates during the 12-month period preceding the Incident, or (ii) USD$25,000.