MAXIMUM COMPENSATION LIMIT Clause Samples
The Maximum Compensation Limit clause sets a cap on the total amount of money one party may be required to pay the other under the contract, regardless of the circumstances. In practice, this means that even if damages or losses exceed the specified limit, the liable party's financial responsibility cannot go beyond the agreed maximum. This clause is commonly used in service agreements or supply contracts to provide predictability and protect parties from potentially unlimited liability, thereby managing risk and ensuring that exposure to financial loss is clearly defined.
MAXIMUM COMPENSATION LIMIT. The maximum compensation limit for Services pursuant to this PA shall be as stated in Attachment 3, Consultant’s Compensation, which shall not be exceeded by the Consultant. Consultant’s Compensation, as stated in Attachment 3, together with all prior and current project agreements to date, shall not cumulatively exceed the Maximum Compensation Limit (“MCL”) specified in the PSA. Nothing stated herein authorizes or approves an increase in the PSA MCL or in the compensation limit specified in Attachment 3. Consultant is fully responsible for not exceeding these limits and solely assumes and accepts all liability, cost and expense for exceeding these limits.
MAXIMUM COMPENSATION LIMIT. The maximum compensation limit for services pursuant to this Project Agreement shall be DOLLARS ($ .00) as stated in Attachment 3, Consultant’s Compensation, which together with all prior and current PAs to date, does not and shall not cumulatively exceed the Maximum Compensation Limit specified in the PSA. Consultant is fully responsible for not exceeding this limit and solely assumes and accepts all liability, cost, and expense for exceeding this limit.
MAXIMUM COMPENSATION LIMIT. The maximum compensation limit for services
MAXIMUM COMPENSATION LIMIT. The maximum compensation payable under this Agreement is $ 1,000,000 (“Maximum Compensation Limit”). The sum of all compensation payable under all Project Approval Forms and Change Orders shall not exceed the total Maximum Compensation Limit. If SJCC performs Work that exceeds the Maximum Compensation Limit, SJCC does so at SJCC’s own risk and County shall not be liable or responsible for such Work or any payments or costs associated with such Work.