Liability Risk Clause Samples
The Liability Risk clause defines the extent to which each party is responsible for losses, damages, or claims arising from the agreement. Typically, it sets limits on the amount or types of damages one party may recover from the other, such as excluding liability for indirect or consequential damages, or capping total liability at a specified amount. This clause is essential for allocating risk between the parties and providing predictability, helping to prevent disputes over unforeseen or excessive claims.
Liability Risk. Landlord shall purchase liability insurance as follows: commercial general liability $500,000 combined single limits and shall provide certificate of insurance to Tenant’s Risk Manager by mailing it to Tenant’s address as provided in Section 1. Tenant shall purchase liability insurance, applicable to use and occupancy of the Premises as follows: commercial general liability, $1,000,000 combined single limits applicable to Tenant’s use and occupancy of the Premises. Landlord shall be named additional insured as his interest may appear. Tenant shall provide certificate of insurance to Landlord by mailing it to Landlord’s address as provided in Section 1.
Liability Risk. Landlord shall purchase commercial general liability insurance as follows: commercial general liability $1,000,000 per occurrence and $2,000,000 in the aggregate and shall provide certificate of insurance to Tenant’s Risk Manager by mailing it to Tenant’s address as provided in Section 1. Tenant shall purchase liability insurance, applicable to use and occupancy of the Premises as follows: commercial general liability, $1,000,000 per occurrence and $2,000,000 in the aggregate combined single limits applicable to Tenant’s use and occupancy of the Premises. The property manager, Scientific Properties, LLC, the Landlord, Edgemont Tenant, LLC and the owner of the Land, Edgemont Realty, LLC, shall be named additional insured as its interest may appear. Tenant shall provide certificate of insurance to Landlord by mailing it to Landlord’s address as provided in Section 1. In lieu of purchasing said liability insurance, Tenant shall have the option to retain such risk."
Liability Risk. A. We use valuation and other information from a wide variety of public and private sources for preparing your Statements. We do not warrant or guarantee the accuracy of the valuations or information we utilize. We do not warrant or guarantee the accuracy of any Statement or report, and we are not liable for any mistakes contained in any Statement or report we provide. We are not liable for any loss that arises from any mistakes or inaccuracies in information that we rely in good faith.
B. Investments in your Account are subject to risks, including the possible loss of principal. We are not liable or accountable for any mistakes of valuation, fact, law, or investment losses; for any error of judgment by us or our affiliates; or for any resulting loss or damage suffered by you. We do not guarantee performance of any investment in your Account, the return of your principal, or the receipt of any capital gain or investment profit.
C. We are not liable for any loss due to forces beyond our reasonable control, including delays, errors, or interruptions in Service caused by natural disaster, weather, strikes, work stoppages, acts of war or terrorism, court order, failure or fluctuation in electrical power or availability of systems, pandemics or endemics, or any other event of force majeure.
D. We have no responsibility or liability with respect to your assets other than the assets in your Account. We have no implied duties under the Agreement. We have no duty to see to the application of the Account assets delivered to you or at your direction. We have no duty to take any action not specified in the Agreement. Except as provided in this Agreement, we have no obligation to commence, appear in, or defend any legal action pertaining to assets held or to be held in your Account.
E. We have no responsibility to verify the accuracy of any carrying or cost basis value information you provide. We have no responsibility to collect property to be transferred to the Account or enforce collections of any income, dividends, or other distributions on behalf of the Account. Any distributions we receive will be added to the Account.
F. Except as required by applicable law, we are not responsible for, and you will reimburse us for indemnify us for, and hold us harmless from, any loss incurred by reason of any act, omission to act, or direction by you, any broker, your Representative, Service Provider, or any third-party providing services, information, or valuations with respec...
Liability Risk. ● The Glens Falls Farmers’ Market Association and the City of Glens Falls are not responsible for injury, property loss, or damage during the event. ● Musician agrees to hold harmless the Glens Falls Farmers’ Market, the City of Glens Falls, and affiliated vendors from any claims arising out of participation in the event. ● ▇▇▇▇▇▇▇▇ performs at their own risk and is responsible for the safety and security of all personal equipment.
Liability Risk. 34.1 Licensee agrees to assume all risk of legal liability which may arise from Licensee activities, including without limitation, providing services, sublicensing, designing, manufacturing transporting, distributing and selling products licensed under this Agreement. Licensee further warrants and agrees to hold harmless, defend and indemnify Licensor against claims arising from Licensee's activities.