Business Studies, asked by manjitsingh12516354, 6 months ago

define liability clause.​

Answers

Answered by XxMissMysteryxX
8

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A limitation of liability clause is a provision in a contract that limits the amount of exposure a company faces in the event a lawsuit is filed or another claim is made. If found to be enforceable, a limitation of liability clause can "cap" the amount of potential damages to which a company is exposed.

Answered by amandeep03
2

Answer:

A limitation of liability clause (sometimes referred to simply as a liability clause) is the section in a contracted agreement that specifies the damages that one party will be obligated to provide to the other under terms and conditions stipulated in the contract.

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