IN NO EVENT SHALL LICENSOR Sample Clauses
The "IN NO EVENT SHALL LICENSOR" clause serves to limit or exclude the liability of the licensor under a contract. Typically, this clause specifies that the licensor will not be responsible for certain types of damages, such as indirect, incidental, or consequential losses, regardless of the circumstances or causes. For example, if the licensed product fails or causes business interruption, the licensor would not be liable for resulting financial losses. The core function of this clause is to protect the licensor from extensive legal claims and financial exposure, thereby allocating risk and providing certainty regarding potential liabilities.
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IN NO EVENT SHALL LICENSOR. ITS TRUSTEES, DIRECTORS, OFFICERS, EMPLOYEES AND AFFILIATES BE LIABLE FOR INCIDENTAL OR CONSEQUENTIAL DAMAGES OF ANY KIND, INCLUDING ECONOMIC DAMAGES OR INJURY TO PERSON OR PROPERTY AND LOST PROFITS, RESULTING FROM LICENSEE'S PRACTICE OF THE LICENSED PATENTS.
IN NO EVENT SHALL LICENSOR. OR THEIR OFFICERS, DIRECTORS, EMPLOYEES, OR AGENTS, BE LIABLE TO YOU FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, PUNITIVE, OR CONSEQUENTIAL DAMAGES WHATSOEVER RESULTING FROM ANY (I) PERSONAL INJURY OR PROPERTY DAMAGE, OF ANY NATURE WHATSOEVER, RESULTING FROM THE USE OF THE MARK, AND/OR (II) ANY ERRORS OR OMISSIONS IN OR FOR ANY LOSS OR DAMAGE OF ANY KIND INCURRED AS A RESULT OF THE USE OF THE MARK, WHETHER BASED ON WARRANTY, CONTRACT, TORT, OR ANY OTHER LEGAL THEORY, AND WHETHER OR NOT THE LICENSEE IS ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. THE FOREGOING LIMITATION OF LIABILITY SHALL APPLY TO THE FULLEST EXTENT PERMITTED BY LAW IN THE APPLICABLE JURISDICTION.