Common use of Overall Liability Clause in Contracts

Overall Liability. 20.1 The Supplier’s overall liability to the Purchaser under this Contract shall be stated in the Order or, where no such limit is stated, the greater of INR equivalent to £500,000 or 150% of the Contract Price. 20.2 The limit of liability described in clause 20.1 shall not apply to Supplier’s willful misconduct, fraud, tax obligations, breach of applicable law or any of Supplier’s indemnity obligations pursuant to clause 14.1. 20.3 In no event will the Purchaser’s overall liability to the Supplier, exceed the Contract Price. 20.4 Neither party shall be liable to the other, by any way of indemnity or by reason of breach of the Contract or of statutory duty or by reason of tort (including but not limited to negligence) or any other reason whatsoever for any loss of profit/revenue, loss of business, loss of contracts or for any special, indirect or economic or consequential losses or damages.

Overall Liability. 20.1 The Supplier’s overall liability to the Purchaser under this Contract shall be stated in the Order or, where no such limit is stated, the greater of INR equivalent to £$500,000 or 150% of the Contract Price. 20.2 The limit of liability described in clause 20.1 shall not apply to Supplier’s willful wilful misconduct, fraud, tax obligations, breach of applicable law or any of Supplier’s indemnity obligations pursuant to clause 14.1. 20.3 In no event will the Purchaser’s overall liability to the Supplier, exceed the Contract Price. 20.4 Neither party shall be liable to the other, by any way of indemnity or by reason of breach of the Contract or of statutory duty or by reason of tort (including but not limited to negligence) or any other reason whatsoever for any loss of profit/revenue, loss of business, loss of contracts or for any special, indirect or economic or consequential losses or damages.