Common use of THE COMPANY’S LIABILITY Clause in Contracts

THE COMPANY’S LIABILITY. 8.1 The Company has no detailed knowledge of the nature or value of the contents of the Premises for which the Chubb System has been specified and in which the Chubb System is to be installed. The Customer does (or should) know the nature or value of the contents of the Premises, and agrees that since the potential loss or damage which the Customer might suffer is likely to be disproportionate to the sums that can reasonably be charged by the Company, and taking into consideration the opportunity afforded to the Customer to negotiate the terms of any limitation, the Customer acknowledges that it is fair and reasonable for the Company to limit or exclude its liability.