Retain Liability Clause Samples

The "Retain Liability" clause establishes that a party remains responsible for certain obligations or liabilities, even after a contract ends or specific duties are transferred. In practice, this means that if a company outsources a service or sells part of its business, it may still be held accountable for issues or claims arising from actions taken before the transfer. This clause ensures that liabilities are not inadvertently shifted or avoided, thereby protecting the interests of the other party and maintaining accountability for past actions.
Retain Liability. All Parties shall retain whatever liability they would possess for their present and future acts or failure to act without existence of this Agreement.