Liability Assumed under Contract Sample Clauses
The "Liability Assumed under Contract" clause defines the extent to which a party agrees to be responsible for certain liabilities arising from contractual agreements. This clause typically clarifies whether the party's insurance will cover obligations that are specifically assumed in a contract, such as indemnifying another party or accepting additional risks beyond those imposed by law. By specifying the scope of covered liabilities, the clause helps allocate risk between parties and ensures that all parties understand which contractual obligations are insured, thereby reducing the potential for disputes over coverage in the event of a claim.
Liability Assumed under Contract. The liability of others assumed by the Insured under any contract or agreement unless: such liability would have attached to the Insured even in the absence of such contract or agreement. This exclusion does not apply to any Claim for a Privacy Breach Wrongful Act in relation to any liability or obligation under a confidentiality or non-disclosure agreement.
Liability Assumed under Contract. 7. a Claim for misappropriation of ideas under implied contract; or
Liability Assumed under Contract. Loss or damage for which the Insured must answer solely because they have assumed liability therefor under contract.