Common use of RESPONSIBILITY AND LIABILITY FOR DAMAGES Clause in Contracts

RESPONSIBILITY AND LIABILITY FOR DAMAGES. 5.1 The Receiving Party shall not be responsible for any alleged or actual liability, costs or expenses incurred as a result of personal injury, death or property damage that might occur to the Participant, unless it is proven that such injury, death or property damages was caused by the gross negligence or intentional misconduct of the Receiving Party or its employees.

RESPONSIBILITY AND LIABILITY FOR DAMAGES. 5.1 The Receiving Party shall not be responsible for any alleged or actual liability, costs or expenses incurred as a result of personal injury, death or property damage that might occur to the Participant, unless it is proven that such injury, death or property damages was caused by the gross negligence or intentional misconduct of the Receiving Party or its employeesemployee.