Limitation of NLCS Liability Clause Samples
The Limitation of NLCS Liability clause sets a cap on the amount or types of damages that NLCS can be held responsible for under the agreement. Typically, this clause restricts liability to direct damages and may exclude indirect, consequential, or punitive damages, often setting a maximum monetary limit tied to the contract value. Its core function is to protect NLCS from excessive financial exposure, ensuring predictability and managing risk in the event of disputes or claims arising from the contract.
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Limitation of NLCS Liability. For all claims of damages relating to NLCS’s performance under this Agreement, including penalties and interest, and regardless of the form of claim or action, whether in contract, tort, strict liability or otherwise, including, without limitation, claims for any NLCS error or other breach of its obligations hereunder, NLCS’s total liability shall not exceed an amount equal to the fees paid under this Agreement during the immediately preceding twelve (12) month period (or the actual time period NLCS has been engaged if such time period is less than twelve (12) months).
Limitation of NLCS Liability. For all claims of damages relating to NLCS’s performance under this Agreement, including penalties and interest, and regardless of the form of claim or action, whether in contract, tort, strict liability or otherwise, including, without limitation, claims for any NLCS error or other breach of its obligations hereunder, NLCS’s total liability shall not exceed an amount equal to the fees paid to NLCS under this Agreement or the first five (5) years’ worth of fees, whichever is less.
Limitation of NLCS Liability. For all claims of damages relating to NLCS’s performance under this Agreement, including penalties and interest, and regardless of the form of claim or action, whether in contract, tort, strict liability or otherwise, including, without limitation, claims for any NLCS error or other breach of its obligations hereunder, NLCS’s total liability shall not exceed an amount equal to the fees paid under this Agreement during the immediately preceding twelve (12) month period (or the actual time period NLCS has been engaged if such time period is less than twelve (12) months); provided, however, that the foregoing limitation of liability shall not apply to any liability, loss, or claim arising out of or in connection with acts or omissions of NLCS that constitute willful misconduct, gross negligence, or fraud.