Limitation of Liability Definition | Legal Glossary | LexisNexis (2024)

Copyright © 2024 LexisNexis

Published by a LexisNexis Commercial expert

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.

View the related practice notes about Limitation of Liability

How to negotiate engagement, release and reliance letters

How to negotiate engagement, release and reliance letters It is very common for engagement letters, release letters and reliance...

Carriage of goods by sea—the Hague-Visby Rules

Carriage of goods by sea—the Hague-Visby Rules This Practice Note explains the Hague-Visby rules (the Rules) which are...

View the related precedents about Limitation of Liability

Transition schedule

Transition schedule Schedule—Transition 1 Introduction 1.1 This Schedule describes how the Services will be transferred from the Customer to the...

Short form of consultant’s appointment

Short form of consultant’s appointment This Agreement is made on the [insert date] day of [insert month and...

View the related q&as about Limitation of Liability

In an indemnity, what is the effect of ‘keep indemnified’ and ‘on a continuing basis’?

In an indemnity, what is the effect of ‘keep indemnified’ and ‘on a continuing basis’? An indemnity is an agreement...

When drafting a notice under the Torts (Interference with Goods) Act 1977 of a bailee’s intention to sell goods, if storage costs fall to the bailee as a result of having to store the goods, can those costs be included in the sum claimed in the notice if they flowed from the bailor’s failure to collect and pay for the goods?

When drafting a notice under the Torts (Interference with Goods) Act 1977 of a bailee’s intention to sell goods,...

View the related News about Limitation of Liability

Public Law weekly highlights—21 December 2023

This week's edition of Public Law weekly highlights includes discussion of a case which considered whether political party leadership contests...

Local Government weekly highlights—21 December 2023

This week's edition of Local Government weekly highlights is the last weekly highlights of 2023. It provides a reminder that...

Speed up all aspects of your legal work with tools that help you to work faster and smarter. Win cases, close deals and grow your business–all whilst saving time and reducing risk.