Limitation of Liability Clauses in Commercial Contracts | Practical Law
Limitation of liability provisions are ubiquitous in commercial contracts. This short video provides an introduction to drafting and negotiating limitation of liability clauses. It discusses why these clauses are important, the main components of a typical provision, and how US courts enforce these provisions. This video also reviews the interaction between limitation of liability clauses and indemnification clauses, and how to avoid common drafting and negotiating pitfalls.