Common use of Contract Limitations Clause in Contracts

Contract Limitations. a. Exclusions from coverage: in no event will TSL be liable for any special, indirect, incidental or resulting damages which include, but are not limited to, any delay in rendering service or loss of use during the repair period of the Warranted Product(s) or while otherwise awaiting parts. b. Limitation of liability: to the extent permitted by applicable law, the liability of TSL, if any, for any allegedly defective Warranted Product(s) or components shall be limited to replacement of the Warranted Product(s) or components at GML’s option. This contract is your sole express warranty with respect to the Warranted Product(s). All implied warranties with respect to the Warranted Product(s) including, but not limited to, implied warranties of merchantability and fitness for a particular purpose, are hereby expressly excluded. c. For the purposes of and by your acceptance of this Contract you acknowledge and agree that if a surety bond (“Bond”) is provided the warranty and/or maintenance guarantee provided for in this Contract and any corresponding liability on behalf of the issuing surety under the Bond is limited to the first twelve (12) months of said warranty and/or maintenance guarantee coverage period. Any warranty and/or guarantee coverage period in excess of said initial 12−month period does not fall within the scope of the Bond and shall be the sole responsibility of TSL.

Appears in 2 contracts

Sources: Vendor Agreement, Vendor Agreement