LIMITATION-OF-DAMAGES CLAUSE

LIMITATION-OF-DAMAGES CLAUSE

limitation-of-damages clause. A contractual provision by which the parties agree on a maximum amount of damages recoverable for a future breach of the agreement. Cf. LIQUIDATED-DAMAGES CLAUSE. [Cases: Damages 76. C.J.S. Damages ¡ì¡ì 176, 185¨C187, 194.]
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