Common use of Limitation of Liability of Subadviser Clause in Contracts

Limitation of Liability of Subadviser. You shall not be liable for any error of judgment or mistake of law or for any loss suffered by the Fund or the Adviser in connection with the matters to which this Agreement relates, except a loss resulting from willful misfeasance, bad faith or gross negligence on your part or from reckless disregard by you of your obligations and duties under this Agreement. You shall not be liable for the acts or omissions of the Fund’s custodian or any sub-custodian or any broker, dealer, market-maker or other agent. No warranty is given by you as to the performance or profitability of the Fund or any part of it or that any objectives set out in the Guidelines will be successfully achieved.