Common use of Property Damage Disclaimer Clause in Contracts

Property Damage Disclaimer. The Owner shall not be liable, and shall provide no insurance, for any loss or damage incurred by the Professional or its consultants, or by their agents and employees, to tools, machinery, equipment and other property owned by them, regardless of whether such losses are insured by them. The Professional hereby releases and discharges the Owner and its Related Parties of and from all liability to the Professional, and to anyone claiming by, through or under the Professional, by subrogation or otherwise, on account of any loss or damage to such tools, machinery, equipment or other property, however caused.

Property Damage Disclaimer. The Owner OWNER shall not be liable, and shall provide no insurance, for any loss or damage incurred by the Professional CONSULTANT or its consultantssubconsultants, or by their agents and employees, to tools, machinery, equipment and other property owned by them, regardless of whether such losses are insured by them. The Professional CONSULTANT hereby releases and discharges the Owner OWNER and its Related Parties of and from all liability to the ProfessionalCONSULTANT, and to anyone claiming by, through or under the ProfessionalCONSULTANT, by subrogation or otherwise, on account of any loss or damage to such tools, machinery, equipment or other property, however caused.