These Training Materials provide an introduction to exemption clauses and cover the basic areas of relevance for commercial lawyers when drafting and reviewing clauses excluding and limiting liability. They include template PowerPoint slides and associated notes for use by a trainer when outlining the law relating to the limitation of liability in the context of the drafting and negotiating of business-to-business contracts by commercial lawyers. Topics covered include: exemption clauses, construction, types of breach, types of loss, statutory controls under the Unfair Contract Terms Act 1977 and the Misrepresentation Act 1967, methods of excluding and limiting liability, third parties and frequently asked questions.
At the end of each section of the presentation there is a ‘Top tips’ slide and speaker notes which provide practical suggestions
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Jurisdiction(s):
United Kingdom
Related legal acts:
Key definition:
Limitation of Liability definition
What does Limitation of Liability mean?
Limitation of liability means a contractual provision to reduce or exclude the types and amounts of liabilities one party may recover from another party relating to default or non-performance in connection with a contract. Such provisions are subject to numerous controls and restrictions imposed by statute and by common law.
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