Common use of Maximum Recovery Clause in Contracts

Maximum Recovery. If found liable for any loss, ART CRAFT’s sole and exclusive remedy is limited to $.50 per pound per article with a maximum liability of $100.00 per item, or $1,500.00 per shipment, whichever is less. When a declaration is made, liability shall in no event exceed the declared value of the shipment. DECLARED VALUE AMOUNTS APPLY ONLY TO THE AIR SHIPMENT OF MATERIALS, AND NOT TO ANY OTHER SERVICES PROVIDED BY ART CRAFT INCLUDING, WITHOUT LIMITATION, MATERIAL HANDLING SERVICES.

Appears in 4 contracts

Sources: Terms and Conditions Agreement, Terms and Conditions Agreement, License Agreement