Contributive liability 1 In the event of any breach of any of the terms of this Deed where the Beneficiary has claims or would have claims had it obtained similar...
Consequential loss 1 Consequential Loss means in relation to a breach of this Agreement, any indirect or consequential loss (including loss of production, loss of profit,...
Exclusion of losses 1 In the event of a breach of this warranty the Contractor shall only be liable for the reasonable costs of repair, renewal and/or reinstatement of...
Inadequacy of damages 1 [Each Party OR Party A] recognises that any breach or threatened breach of this Agreement may cause [the other Party OR Party B] irreparable harm...
Indemnity 1 The Consultant shall indemnify and hold the Employer harmless from and against all losses (including without limitation loss of profit, business, goodwill and...
Joint and several liability 1 Subject to clauses [Insert], the liabilities and obligations of [insert names of relevant parties] (the Promisors) under this Agreement are...
Limit of liability Financial cap 1 The Consultant's liability under or in connection with this Appointment shall not exceed a maximum amount of £[insert] million for each...
Limitation period 1 [No action or proceedings for any breach of this Agreement shall be commenced against the [Consultant OR Contractor] after the expiry of six years...
This Practice Note provides specific guidance on exclusions and limits of liability relevant to consultant appointments. It should be read alongside Practice Note:...
This Practice Note provides guidance on limitation clauses and exclusion clauses (sometimes referred to as exemption or exception clauses) in construction contracts,...
Net contribution 1 The Consultant’s liability for the Employer’s losses shall be limited to that proportion thereof which it would be just and equitable to require the...
No greater liability Consultant warranty 1 The Consultant warrants and undertakes to the Beneficiary that the Consultant has observed and performed and will continue to...
'No greater liability' clauses are a common feature of collateral warranties (and third party rights memoranda). Their purpose is to ensure that the warrantor does not...