Common use of LIMITATION OF LIABILITY AND WAIVER OF CONSEQUENTIAL DAMAGES Clause in Contracts

LIMITATION OF LIABILITY AND WAIVER OF CONSEQUENTIAL DAMAGES. 12.1 SUBJECT TO SECTIONS 12.3 AND 12.4 BELOW, EACH PARTY’S ENTIRE AGGREGATE LIABILITY TO THE OTHER PARTY FOR DIRECT DAMAGES ARISING FROM CLAIMS UNDER OR RELATED TO THE AGREEMENT WILL NOT EXCEED THE TOTAL AMOUNT OF PAYMENTS MADE BY YOU TO AN AUTHORIZED DISTRIBUTOR FOR THE PRODUCTS IN THE TWELVE (12) MONTHS PRECEDING THE EVENT OR CIRCUMSTANCES GIVING RISE TO SUCH LIABILITY. THIS LIMITATION SHALL APPLY TO ALL CAUSES OF ACTION IN THE AGGREGATE.

Appears in 4 contracts

Samples: Partner General Terms and Conditions, Partner General Terms and Conditions, Partner General Terms and Conditions

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