Non Consequential Damages Clause Samples
The non-consequential damages clause limits the liability of parties by excluding compensation for damages that are considered indirect or consequential, such as lost profits or reputational harm, which do not arise directly from a breach of contract. In practice, this means that if one party fails to fulfill their contractual obligations, the other party cannot claim for losses that are not a direct result of the breach, but rather stem from secondary effects. This clause is primarily used to allocate risk and provide certainty by preventing potentially large and unpredictable claims for damages that are difficult to foresee or quantify.
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Non Consequential Damages. Neither party hereto shall be liable to the other for any consequential, secondary or indirect damages, including lost profits, loss of customers whether arising under contract, tort or strict liability.
Non Consequential Damages. In the event that Clarendon properly suspends or terminates this Agreement or the applicable Agency Agreement, neither Inspire nor any of its employees assigns or representatives shall have or assert any claim against Clarendon, its subsidiaries, successors or assigns, or the shareholders, directors, officers, agents or employees of any of them, for loss of business, loss of profits, or damage to goodwill or reputation arising out of or relating to said termination or suspension.