Limitation Of Liability Clause

Limitation Of Liability Clause,

What is The Meaning of Limitation Of Liability Clause?

  1. Limitation Of Liability Clause means: Contract provisions that limit the liability of one party to another. It is often used to balance the potential risks involved in implementing a contract and the imbalance between the relatively small benefits or costs involved in implementing it. For example, a design agreement usually has a limitation clause that limits the liability of the architect or engineer to the amount of their fees for services offered under the contract for design defects Is. Please note that this provision only applies to the liability of one contracting partner to another. They do not limit liability to third parties who are not bound by the Agreement. When the text is correct, this clause will basically apply.

Literal Meanings of Limitation Of Liability Clause

Limitation:

Meanings of Limitation:
  1. Rules or conditions limit restrictions.

  2. A statutory period during which a claim can be dismissed or property rights do not exist.

Sentences of Limitation
  1. Strict restrictions on water use

  2. This is an exception, as the basic law of limits is enforced without a court order.

Synonyms of Limitation

curb, check, control, restraint, restriction, constraint, clampdown

Of:

Meanings of Of:
  1. It shows the relationship between the part and the whole.

  2. Indicates the relationship between scale or size and value.

  3. Refers to the relationship between two organizations, usually the organization of the association.

  4. This shows the relationship between the address and the waypoint.

  5. It represents the relationship between a general type or type and something special belonging to that category.

  6. After a noun that comes from or is related to a verb.

  7. Joomla header is a predictive adjective.

  8. Identify the ingredient or substance that makes the difference.

  9. Express the hour for the next hour.

Sentences of Of
  1. 5% increase

  2. North of Chicago

  3. Nice to meet you

  4. In New York, only a quarter to three

Synonyms of Of

done by, caused by, in, made by, by, of, from, carried out by

Liability:

Meanings of Liability:
  1. The state of being responsible for something, especially in accordance with the law.

  2. A person or thing whose presence or behavior may embarrass or harm someone.

Sentences of Liability
  1. Lume l of partners. There are innumerable responsibilities that they understand

  2. Became a political loss

Synonyms of Liability

nuisance, responsibility, encumbrance, burden, handicap, accountability, legal responsibility, hindrance, inconvenience, answerability

Clause:

Meanings of Clause:
  1. The grammatical organizational unit, which is located directly below the sentence in the line, must have an article and a prediction in traditional grammar.

  2. Articles, terms or conditions are specific and separate from an agreement, bill or agreement.

Sentences of Clause
  1. Of the above sentences, both sentences are connected by several sentences without connecting words.

  2. Contracts usually contain a clause in an electoral law that defines applicable law.

Synonyms of Clause

wording, construction, expression, idiom, locution, heading, section, subsection, paragraph, set phrase, passage, clause, item, idiomatic expression, point, note, phrasal idiom, group of words, phrasal verb, word group, article, part, term, turn of phrase