Common use of Waiver of Punitive Damages Clause in Contracts

Waiver of Punitive Damages. Except with respect to the indemnification obligations of the parties hereunder, the parties waive to the fullest extent permitted by law any right to or claim for any punitive or exemplary damages against the other and agree that, in the event of a dispute between them, the party making a claim shall be limited to recovery of any actual damages it sustains.

Appears in 12 contracts

Samples: Trademark License Agreement, Trademark License Agreement (MRS Fields Financing Co Inc), License Agreement (MRS Fields Financing Co Inc)

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Waiver of Punitive Damages. Except with respect to the indemnification obligations of the parties hereunderThe Parties hereby waive, the parties waive to the fullest extent permitted by law law, any right to or claim for any punitive or exemplary damages against the other and agree that, in the event of that if there is a dispute between them, with the other that each party making a claim shall be limited to the recovery of any actual damages it sustainssustained by it.

Appears in 4 contracts

Samples: Service Agreement (Titan Machinery Inc.), Agricultural Equipment Sales & Service Agreement (Titan Machinery Inc.), Service Agreement (Titan Machinery Inc.)

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Waiver of Punitive Damages. Except with respect to the indemnification obligations of the parties hereunder, the The parties waive to the fullest extent permitted by law any right to or claim for any punitive or exemplary damages, except punitive or exemplary damages against the other and allowed under federal statute. The parties agree that, in the event of a dispute between them, the party making a claim shall be limited to recovery of any actual damages it sustains.

Appears in 1 contract

Samples: Franchise Agreement

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