Wilful act Sample Clauses
The 'Wilful act' clause defines actions taken intentionally or with deliberate disregard for consequences, typically by a party to a contract. In practice, this clause clarifies that certain protections, limitations of liability, or indemnities do not apply if a party's harmful conduct was intentional or reckless, such as deliberately breaching safety protocols or causing damage on purpose. Its core function is to prevent parties from escaping responsibility for losses or damages that result from their own deliberate misconduct, thereby allocating risk appropriately and deterring intentional wrongdoing.
Wilful act. Supplementary to the provisions of article 3.6 it is hereby provided that if the insured in question is a legal entity, insured shall for the application of this exclusion be understood to mean a member of the board of directors or management.
Wilful act. Contrary to the provisions of Section 952 of Book 7 of the Netherlands Civil Code, this insurance shall not cover claims for compensation of loss or damage if to the insured held liable such loss or damage is the intended or inevitable consequence of his act or failure to act. However, this insurance shall cover the liability of the insured for wilful loss or damage caused by his subordinate(s), provided that the insured is not at fault with respect to the wilful loss or damage. With regard to legal entities, only the wilful act by a director or officer within the meaning of Book 2 of Netherlands Civil Code shall for the application of this exclusion be deemed to constitute a wilful act by the legal entity; with regard to a general partnership or a limited partnership, only the wilful act by a managing partner shall qualify as such.
Wilful act. This Policy does not cover any loss, damage or liability directly or indirectly caused by or arising out of or aggravated by any wilful act or omission of the Insured, or of his management.