No Guarantee or Liability Sample Clauses
The "No Guarantee or Liability" clause serves to limit or exclude the responsibility of one party for certain outcomes, damages, or failures related to the agreement. Typically, this clause clarifies that the party providing goods, services, or information does not guarantee specific results or assume liability for losses that may arise from their use. For example, a software provider may state they are not liable for data loss or system downtime. The core function of this clause is to allocate risk by protecting the provider from legal claims and financial responsibility for issues beyond their control, thereby ensuring clarity about the extent of their obligations.
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No Guarantee or Liability. Neither the Company nor any of its Affiliates nor the Board or Committee makes any commitment or guarantee that:
(a) any federal or state tax treatment will apply or be available to any person eligible for the Restricted Stock; or
(b) the Common Stock will not suffer from loss or depreciation. The Company, its Affiliates, the Board and the Committee shall not be liable for any act, omission or determination taken or made in good faith with respect to this Agreement or the Restricted Stock granted hereunder.