Our Negligence Sample Clauses
The "Our Negligence" clause defines the extent to which a party (typically a service provider or company) is liable for harm or loss resulting from its own negligent actions or omissions. In practice, this clause clarifies whether the company accepts responsibility for damages caused by its failure to exercise reasonable care, and may specify limits or exclusions to this liability. Its core function is to allocate risk by making clear when the company can be held accountable for negligence, thereby protecting both parties from uncertainty regarding liability in such situations.
Our Negligence. If a loss in relation to any Payment Contract is incurred due to our negligence or breach of contract, we will promptly attempt to correct the error. We will be liable for any direct losses such as bank fees and interest incurred as a result of our negligence or breach of contract up to an amount equal to the amount of fees paid or payable to us under these Terms. In no circumstances will we be liable for any indirect, unforeseeable or incidental losses incurred, such as loss of opportunity.