Contract guide
Contract Liability Explained
How liability clauses work and what limits financial exposure.
What Liability Means
Liability determines who pays if something goes wrong.
Contracts often limit liability to reduce risk.
Liability Caps
Many agreements cap liability at a multiple of fees paid.
Without a cap, risk exposure may be unlimited.
Excluded Damages
Contracts often exclude indirect or consequential damages.
These exclusions limit exposure to unpredictable losses.
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