LSF Clause Samples
The LSF (Limitation of Seller’s Liability for Faults) clause sets a cap on the seller’s liability for defects or faults in the goods or services provided under a contract. Typically, this clause specifies the maximum amount or duration for which the seller can be held responsible if issues arise after delivery, such as limiting claims to a certain period or to the value of the goods. By clearly defining the extent of the seller’s responsibility, the LSF clause helps manage risk and provides certainty for both parties regarding potential future claims.
LSF. The core function of LSF is the ranking and filtering of media fragment annotations in a semantic way, with special focus on explicit user feedback. We proceed to describe the work-flow in detail. In the following, we mainly refer to the LUMO-rel ontology where the main focus was on, but LSF works with LUMO-v1 as well.
LSF. AAA-LSF (i) is not and has not been a member of an affiliated group filing a consolidated federal income tax return (other than an affiliated group the common parent of which was AAA-LSF) and (ii) does not have any liability for taxes of any person (other than AAA-LSF) under Treasury Regulation Section 1.1502-6 (or any similar provision of state, local or foreign law) as a transferee or successor by contract or otherwise. AAA-LSF is not a party to a tax sharing or allocation agreement nor does AAA-LSF owe any amount under any such agreement. AAA-LSF is not obligated to make any payments and is not a party to any agreement that under certain circumstances could obligate it to make any payments that, either in whole or in part, would be nondeductible under Sections 280G or 162 of the Code. AAA-LSF has not been a "United States real property holding corporation" (within the meaning of Section 897(c)(2) of the Code) at any time within the applicable period specified in Section 897(c)(1)(A)(ii) of the Code.