A
"limitation clause" is a statement or provision in a contract that sets boundaries or restrictions on certain rights or obligations. It aims to define the limits or conditions under which a particular requirement or responsibility applies.
Full definition
Synonyms for individual words can be found below.
«limitation»
«clause»
Sentences with «limitation clause»
- We constantly see commentary on frivolous lawsuits, and cases that poke holes in limitation clauses in contracts of various types. (slaw.ca)
- English courts have historically taken a restrictive approach to interpreting limitation clauses, however recently the courts have been more willing to recognise commercial parties» appetite to apportion the risk of loss as they wish. (shlegal.com)
- [6] It can be argued that a provision incorporating the entire limitation clause set out in Statutory Condition 14 into an insurance policy is void, as it is not permitted by the Limitations Act, 2002. (theallgrouponlinejournal.com)
- (see all
sentences)