Accountancy, asked by ParasAgrohia, 1 year ago

limitation of liability

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Answered by keiley

3

Ans :_ A limitation of liability clause is a provision in a contract that limits the amount of exposure that limits the amount of exposure a company faces in the event a lawsuit is filed or another claim is mode. if found to be enforceable, a limitation of liability clause can 'cap' the amount of potential damages to which a company is exposed...

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