LIMITATION-OF-DAMAGES CLAUSE

By SovConn | June 15, 2013

limitation-of-damages clause.A contractual provision by which the parties agree on a maximum amount of damages recoverable for a future breach of the agreement. Cf. LIQUIDATED-DAMAGES CLAUSE. [Cases: Damages  76.C.J.S. Damages §§ 176, 185–187, 194.]
[Blacks Law 8th]

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