Common use of Essential Purpose Clause in Contracts

Essential Purpose. Customer acknowledges that the terms in this Section (Limitations of Liability) are a bargained for reasonable allocation of the risk between the parties and will apply (a) to the maximum extent permitted by applicable law, and (b) even if an exclusive or limited remedy stated herein fails of its essential purpose.

Appears in 8 contracts

Sources: Terms of Agreement, Channel Partner Agreement, Terms of Agreement