LIMIT OF CONTRACT Sample Clauses

The "Limit of Contract" clause defines the maximum financial or legal responsibility that a party assumes under the contract. Typically, this clause sets a cap on the total amount payable for claims, damages, or liabilities arising from the agreement, regardless of the number or nature of claims made. For example, it may specify that the contractor's liability cannot exceed the contract value or a predetermined sum. This clause serves to protect parties from unlimited exposure to risk, ensuring predictability and helping both sides manage potential losses.
LIMIT OF CONTRACT. 5.1. The Supplier shall only be obliged to supply the Supplies as are specifically specified in the Order and the Quotation as accepted by the COMPANY, and the COMPANY shall only be liable to pay the amount payable for the Supplies which amount shall be stipulated in the Quotation accepted by the COMPANY
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Related to LIMIT OF CONTRACT

  • Amendment of Contract This agreement contains the whole of the agreement between the Company and the Consultant and there are no other warranties, representations, conditions or collateral agreements except as set forth in this agreement. Any modification to this agreement must be in writing and signed by the parties hereto or it shall have no effect and shall be void.

  • Subject of Contract 1. The subject of this Contract is the Storage Operator’s commitment to store the agreed quantity of gas under the agreed terms on the one hand, and the Storage User’s commitment to deliver and take the agreed quantity of gas intended for storage under the agreed terms and to pay the contract price for storage on the other hand. 2. Storage Capacity under this Contract has been reserved based on the confirmed results of the auction on ………………. organised by the Storage Operator pursuant to the Auction Conditions (hereinafter referred to as the "Auction").

  • Assignment of Contract A. No assignment by a party hereto of any rights under or interests in the Contract will be binding on another party hereto without the written consent of the party sought to be bound; and, specifically but without limitation, moneys that may become due and moneys that are due may not be assigned without such consent (except to the extent that the effect of this restriction may be limited by law), and unless specifically stated to the contrary in any written consent to an assignment, no assignment will release or discharge the assignor from any duty or responsibility under the Contract Documents.

  • EXTENT OF CONTRACT This Contract which includes this Agreement and the other documents incorporated herein by reference represents the entire and integrated Agreement between Owner and Contractor and supersedes all prior negotiations, representations or agreements, either written or oral. This Agreement may be amended only by written instrument signed by Owner and Contractor. If anything in any document incorporated into this Agreement is inconsistent with this Agreement, this Agreement shall govern.

  • REPORT OF CONTRACT USAGE All fields of information shall be accurate and complete. The report is to be submitted electronically via electronic mail utilizing the template provided in Microsoft Excel 2003, or newer (or as otherwise directed by OGS), to the attention of the individual shown on the front page of the Contract Award Notification and shall reference the Group Number, Award Number, Contract Number, Sales Period, and Contractor's (or other authorized agent) Name, and all other fields required. OGS reserves the right to amend the report template without acquiring the approval of the Office of the State Comptroller or the Attorney General.