Common use of Compensation Limit Clause in Contracts

Compensation Limit. Compensation for indirect loss cannot be claimed. Loss of data is deemed to be an indirect loss except where this is due to data processing for which the Commissioned Party is responsible under the agreement. Total compensation during the agreement period is limited to an amount equal to the contract sum excluding value-added tax or an agreed estimate for the Assignment. The limitations in the first and second paragraphs are not, however, applicable if the Commissioned Party or parties for which he is liable have acted with gross negligence or intent.

Compensation Limit. ‌ Compensation for indirect loss cannot be claimed. Loss of data is deemed to be an indirect loss except where this is due to data processing for which the Commissioned Party is responsible under the agreement. Total compensation during the agreement period is limited to an amount equal to the contract sum excluding value-added tax or an agreed estimate for the Assignment. The limitations in the first and second paragraphs are not, however, applicable if the Commissioned Party or parties for which he is liable have acted with gross negligence or intent.