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A clause that excuses you from liability is typically referred to as a "liability waiver" or "hold harmless clause." This legal provision states that one party agrees not to hold the other party responsible for certain risks or damages that may arise during a specific activity or transaction. Such clauses are commonly found in contracts, rental agreements, and liability waivers for activities like sports or recreational events. However, enforceability may vary based on jurisdiction and the specific circumstances involved.
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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.
If a car is left with a garage for repair and is crashed by garage employee can garage use general disclaimer of liability clause to escape liability?
Absolutely not. General liability disclaimer does not cover negligence.
What are the exclusion clause?
A term included in a contract that seeks to limit the liability of a party under the contract
What is the uninsured motorist clause about in the US?
The clause in a policy of insurance on a motorcycle, provides that if the owner of the motorcycle is injured by a negligent driver of another vehicle who doesn't have liability or insurance, then the insurance company will pay its insured's damages.
What is definition of sunset clause in liability insurance policy?
A sunset clause is a provision in a liability policy which states that the insurer will respond only to losses reported before some predetermined future date (sunset), usually a set period after the expiration of the policy.
When was No Excuses created?
No Excuses was created in 1994.
What is the definition of Extension of tenant's demolition clause?
A clause that prohibits liability for costs incurred by demolishing property that is not damaged. This is frequently done due to building ordinances that require demolition of structures after they suffer a certain amount of damage. -Sadhiq Sajahan (sms-rox)
What is excuses in Spanish?
excusa = (he/she) excuses (verb) excusas = excuses (noun) 'disculpa/disculpas' work in the same way.
What is the purpose and significance of a non-recourse clause in real estate transactions?
A non-recourse clause in real estate transactions limits the lender's ability to pursue the borrower for additional payment if the property's value decreases. This clause is significant because it helps protect the borrower from personal liability in case of default, providing a level of financial security.
What is the definition of a Sunrise clause in Commercial General liability policy?
A Sunrise clause in a Commercial General Liability (CGL) policy refers to a provision that automatically extends coverage for certain claims that arise from incidents occurring before the policy's inception date, as long as those incidents were not known to the insured at the time of purchasing the policy. This clause helps protect businesses from potential liabilities that may surface after a new policy starts, ensuring continuity of coverage for prior risks. It is often subject to specific conditions and limitations outlined in the policy.
What is the French word for the English word excuses?
les excuses
