Common use of Limitation of Licensee’s Liability Clause in Contracts

Limitation of Licensee’s Liability. The Licensee’s obligations with respect to the Covered Product set forth in paragraph 1 are limited to those obligations set forth in paragraph 2, and in no event shall the Licensee be deemed, solely as a result of having executed this assumption agreement, to have any other obligation under any Federation agreement or to be a signatory to any Federation agreement. In addition, the Licensee’s obligations with respect to the Covered Product are limited to those rights actually acquired by the Licensee and only for the period it holds such rights (except to the extent that it transfers those rights to another party, in which case it shall retain liability unless it obtains an assumption agreement in substantially the same form as this assumption agreement). By: By: Identification of Phonograph Records, Concert DVD’s, Traditional Music Videos, covered by the AFM Assumption Agreement Licensor: Licensee: Album Title: Album #