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A clause where the parties may agree to limit the amount and type of damages the nonbreaching party may seek if contract terms are violated
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∙ 11y ago
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Constitutional limitation of the power of taxation?
The Constitution includes limitations on the powers of government and taxation. Some of the limitations include; the Orientation clause, the Uniformity clause and no export tax.
Does the father of your child have the right to decide were you live?
No, provided you are not removing the child from the jurisdiction of the court, and there are no limitation in the custody order, such as a morality clause.
What is the reasonable limits clause?
The reasonable limits clause is a legal principle that allows restrictions on certain rights and freedoms if those restrictions are considered reasonable and justifiable in a free and democratic society. It is often used in constitutional law to balance individual rights with the broader interests of society.
Can you use a limitation of libility clause and an indemnification clause in the same contract?
Limitation of Liability and Indemnification both address possible liabilities under an agreement but are distinct in purpose. Limitation of liability addresses the liability between the actual parties to the contract and does not govern liabilities that may arise from third party claims that are not a party to the contract. For instance, a party to a contract may only be allowed to pursue direct damages but since the third party is not a party to the contract, the limitation or disclaimer of indirect damages does not apply to that party and they can submit a claim for whatever damages/remedies may be available under law. That's where an indemnity comes in .... Indemnification in a contract sets forth the contracting parties obligations to each other in the event a third party sues or is awarded damages or a party incurs cost to defend itself because of the actions or inaction of the other party to the contract. Indemnification clauses can be very nuanced from standards of negligence to obligations to pay costs vs. awards, atty. fees, and who controls the defense, etc. Depending on how the limitation of liability is drafted, Indemnification and Limitation of Liability may overlap to the extent a liability arising from a 3rd party could be claimed as a damage under the limitation of liability provision (i.e. incidental, consequential, etc.). However, the indemnification clause is used so that there's no ambiguity or selective interpretation as to who's responsible or what type damage it may be.
Is 72 hours clause a limitation in insurance policy?
Generally it's about consecutive claims happened in those 72 hours from the same risk (ex: hurricane) and treated as one single claim with only one deductible retention. Therefore I don't see it as a limitation.
What means liability?
A limitation (a cap) of liability clause is a contractual provision that restricts the amount of damages a client can recover from a company. Uncapped liability is a liability without a limit.
What does uncapped liability mean?
A limitation (a cap) of liability clause is a contractual provision that restricts the amount of damages a client can recover from a company. Uncapped liability is a liability without a limit.
What are the Limitation of the rule of the law?
Limitation
What are the limitation of tally?
what are Talley's limitation.
What are the limitation of the application of rule of law?
Limitation
What are the remedies of buyers and sellers in a contract of sale?
there are two general remedies to an unpaid seller which include; Real remedies and Personal remedies.
What is scope and limitation of consciousness?
The limitation is within your self, your awareness and limitation of thoughts, your memories, sensations and feelings.
