Multiple caps on liability Clause Samples
A "multiple caps on liability" clause sets different maximum limits on the amount of damages or losses a party may be required to pay under a contract, depending on the type or category of claim. For example, the contract might specify one cap for general breaches, a higher cap for breaches involving confidential information, and a separate cap for indemnity obligations. This approach allows the parties to tailor risk allocation to the specific risks associated with different aspects of the agreement, ensuring that liability exposure is proportionate and predictable for each scenario.
Multiple caps on liability. If Viterra is liable to the Client in relation to an event or a series of events in respect of which Viterra's liability is capped:
(a) under this Agreement; and
(b) under one or more other agreements made between Viterra and the Client, then Viterra's liability in aggregate under all of the agreements described in paragraphs (a) and (b) above (Capped Agreements) is capped at the greatest amount at which liability is capped under any one of the Capped Agreements.
Multiple caps on liability. If the Company is liable to the Client in relation to an event or a series of related events in respect of which the Company's liability is capped:
(a) under this Agreement; and
(b) under one or more other agreements made between the Company and the Client, then the Company's liability in aggregate under all of the agreements described in paragraphs (a) and (b) above (Capped Agreements) is capped at the greatest amount at which liability is capped under any one of the Capped Agreements.