General Limitations of Liability. Unless otherwise stated in this Second Trade Agreement, neither Party shall be liable towards the other Party for any indirect loss, loss of profit or other consequential damages in connection with performance or non-performance obligations under this Agreement. Irrespective of any clause to the contrary, any exclusion or limitation of liability as set out in this Agreement or otherwise cannot be relied upon by a Party who has been guilty of wilful misconduct, fraudulence or gross negligence.
Appears in 3 contracts
Sources: Trade Agreement, Trade Agreement (Zoltek Companies Inc), Trade Agreement (Zoltek Companies Inc)