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Clause · limitation_of_liability

Limitation of Liability

Liability
STANDARD+
high risk
US-IN
US-GB
US-EU
US-SG
GENERIC

Clause body

EXCEPT FOR LIABILITY ARISING FROM (A) A PARTY'S INDEMNIFICATION OBLIGATIONS, (B) BREACH OF CONFIDENTIALITY, OR (C) VENDOR'S INFRINGEMENT OF THIRD-PARTY INTELLECTUAL PROPERTY RIGHTS IN THE WORK PRODUCT, NEITHER PARTY SHALL BE LIABLE TO THE OTHER FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, OR PUNITIVE DAMAGES, OR FOR LOST PROFITS, LOST REVENUE, OR LOSS OF DATA, ARISING OUT OF OR RELATED TO THIS STATEMENT OF WORK, EVEN IF ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. EACH PARTY'S TOTAL CUMULATIVE LIABILITY ARISING OUT OF OR RELATED TO THIS STATEMENT OF WORK SHALL NOT EXCEED THE TOTAL FEES PAID OR PAYABLE BY CLIENT TO VENDOR UNDER THIS STATEMENT OF WORK IN THE TWELVE (12) MONTHS IMMEDIATELY PRECEDING THE EVENT GIVING RISE TO THE CLAIM.

Sources

UCC §2-719; common law consequential damages

Last verified: Pending review.

Library version: 1.0.0