Common use of Punitive and Consequential Damages Clause in Contracts

Punitive and Consequential Damages. Except with respect to liabilities owed to third-parties not affiliated with either Group, neither party shall be liable to the other, whether in contract, in tort (including negligence and strict liability), or otherwise, for any punitive, indirect, incidental or consequential damages, which in any way arise out of, relate to, or are a consequence of, its performance or nonperformance hereunder, or the provision of or failure to provide any Service or perform any other obligation hereunder, including loss of profits and business interruptions.

Appears in 2 contracts

Sources: Transition Services Agreement (Huntington Ingalls Industries, Inc.), Transition Services Agreement (Huntington Ingalls Industries, Inc.)