No Liability or Obligation Sample Clauses
The "No Liability or Obligation" clause serves to explicitly state that one or both parties are not responsible for certain actions, events, or outcomes under the agreement. In practice, this clause may specify that a party is not liable for damages, losses, or failures that occur outside their control, or that they are not obligated to perform certain duties unless expressly stated elsewhere in the contract. Its core function is to limit exposure to legal claims and clarify the boundaries of responsibility, thereby reducing the risk of disputes over unintended obligations or liabilities.
POPULAR SAMPLE Copied 7 times
No Liability or Obligation. Notwithstanding anything to the contrary in this Section 1.10, neither Parent, the Paying Agent, the Surviving Corporation, nor any party hereto shall be liable or have any other obligation in respect of any Aggregate Consideration and any other amounts payable under this Agreement for any amount properly paid to a public official pursuant to any applicable abandoned property, escheat or similar Law pursuant to its withholding rights set forth in Section 1.13.
No Liability or Obligation. Fort ▇▇▇▇ shall perform any acts ordered by any court of competent jurisdiction, without any liability or obligation to any party hereunder by reason of such act.
No Liability or Obligation. Notwithstanding anything to the contrary in this Agreement, no Party shall be liable or have any other obligation in respect of any other amount payable under this Article II for any amount properly paid to a public official pursuant to any applicable abandoned property, escheat or similar Law pursuant to its withholding rights set forth in Section 2.6.