Common use of Disclaimer of Warranties and Liability Clause in Contracts

Disclaimer of Warranties and Liability. THE UNIVERSITY OF TEXAS AT AUSTIN MAKES NO REPRESENTATIONS OR WARRANTIES, EXPRESSED OR IMPLIED, CONCERNING THE EQUIPMENT OR SERVICES PROVIDED BY THE UNIVERSITY OF TEXAS AT AUSTIN UNDER THIS AGREEMENT. THE UNIVERSITY OF TEXAS AT AUSTIN SHALL NOT BE LIABLE FOR ANY COSTS, FEES, DAMAGES INCLUDING DIRECT, INDIRECT, SPECIAL, OR CONSEQUENTIAL DAMAGES (INCLUDING LOST PROFITS), OR OTHER LIABILITY WITH RESPECT TO ANY CLAIM BY MERCHANT OR ANY THIRD PARTY ON ACCOUNT OF OR ARISING FROM THIS AGREEMENT.