SPECIFIC LIABILITY Clause Samples

The Specific Liability clause defines and allocates responsibility for particular types of losses, damages, or obligations between the parties to a contract. It typically outlines which party will be held liable for certain events or actions, such as property damage, personal injury, or third-party claims arising during the course of the agreement. By clearly assigning liability, this clause helps prevent disputes and ensures that each party understands their potential risks and obligations under the contract.
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SPECIFIC LIABILITY. LIABILITY SHALL BE LIMITED AS FOLLOWS: (a) ESO’S OBLIGATIONS UNDER SECTION 11 SHALL BE LIMITED TO $500,000. (b) DAMAGES ARISING FROM A PARTY’S BREACH OF CONFIDENTIALITY OBLIGATIONS (INCLUDING A BREACH OF OBLIGATIONS REGARDING PROTECTED HEALTH INFORMATION), SHALL BE LIMITED TO $1,000,000. (c) DAMAGES ARISING FROM A PARTY’S WILLFUL MISCONDUCT OR CRIMINAL CONDUCT SHALL NOT BE LIMITED.
SPECIFIC LIABILITY. In addition to the specific liabilities included in the Participant Agreement I understand that are each applicable to me, I understand and agree: