No Implied Liability Sample Clauses
The No Implied Liability clause serves to clarify that a party is not accepting any legal responsibilities or obligations beyond those expressly stated in the contract. In practice, this means that neither party can be held liable for duties or warranties that are not specifically written into the agreement, such as implied warranties of merchantability or fitness for a particular purpose. This clause is essential for limiting risk exposure by ensuring that only the agreed-upon terms govern the parties' responsibilities, thereby preventing unexpected or unintended liabilities from arising.
No Implied Liability. The Participants understand that cooperative efforts and activities under this MOU are considered by the Participants to be facilitated exchange of information only, and not advice or consultancy.
No Implied Liability. Inclusion of a cap on damages in this Agreement shall not create or imply liability for damages that a Party does not otherwise have hereunder.
No Implied Liability. The Parties acknowledge and agree that nothing in this Agreement shall be deemed to be an admission by either of the Parties as to liability or responsibility for any wrongdoing, negligence, breach of duty or other misconduct relating to their respective duties and obligations under the Service Agreement.