Liability Calculation Method in General Sample Clauses

The 'Liability Calculation Method – In General' clause defines how financial responsibility or damages are determined between parties under the contract. It typically outlines the formulas, standards, or procedures used to quantify losses, such as specifying whether actual damages, liquidated damages, or another metric will be used. This clause ensures both parties understand in advance how liabilities will be assessed, reducing disputes and providing predictability in the event of a breach or loss.