Common use of Warranties Limitation of Liability Clause in Contracts

Warranties Limitation of Liability. 11.1 Each Party contributing Background Information warrants that, to the best knowledge of contributing Party: a) it has provided the Background Information as set forth in Article 5.1 correct and complete, however, on the basis of “as-is”, without any warranty in that respect; b) it has sufficient rights to grant the licences under the Background Information pursuant to Article 5, subject, however to the limitations set forth in Appendix 4. 11.2 Parties do not accept any liabilities for damage or loss which arises due to the fact that the Results do not qualify for patenting or because rights of third parties are infringed when applying the Results. 11.3 Except for the warranty under Article 11.1, the Parties disclaim any implicit or explicit warranty. 11.4 Except in case of gross negligence, wilful misconduct or breach of the warranty pursuant to Article 11.1, the maximum aggregate liability of a Party shall be equal to its share in the overall Project Budget. Furthermore, none of the Parties shall be liable for any indirect damage.