Incidental & Consequential Damage Sample Clauses
The Incidental & Consequential Damage clause limits or excludes a party’s liability for damages that are not a direct result of a breach, such as lost profits, business interruption, or other indirect losses. In practice, this means that if one party fails to meet its contractual obligations, the other party cannot claim compensation for losses that are secondary or arise as a consequence of the breach, rather than from the breach itself. This clause serves to allocate risk between the parties and provides predictability by capping exposure to potentially large and unforeseeable claims.
Incidental & Consequential Damage. OUR and the ADMINISTRATOR’S liability for incidental and consequential damages is expressly excluded herein. Incidental and consequential damage is including, but not limited to, property damage, loss of use of the VEHICLE, loss of time, inconvenience, or commercial loss resulting from the operation, maintenance and/or use of the VEHICLE.