Common use of Consequential Damages Waived Clause in Contracts

Consequential Damages Waived. Contractor and Owner each waive Claims against the other for consequential damages arising out of the Contract Documents, including (a) Owner’s damages for rental expenses, loss of use, lost opportunity, loss of income, lost profit, interest from financing, and damage to reputation, and (b) Contractor’s damages for principal office expenses, lost opportunity, interest from financing, damage to reputation, and loss of profit except anticipated profit arising directly from the Work and earned by Contractor in accordance with the Contract Documents.

Consequential Damages Waived. Contractor and Owner each waive Claims against the other for consequential damages arising out of the Contract Documents, including (a) Owner’s damages for rental expenses, loss of use, lost opportunity, loss of income, lost profit, interest from financing, and damage to reputation, and (b) Contractor’s damages for principal office expenses, lost opportunity, interest from financing, damage to reputation, and loss of profit except anticipated profit arising directly from the Work and earned by Contractor in accordance with the Contract Documents.. SAMPLE