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OR DAMAGE TO THE BUILDING OR ITS CONTENTS. INCIDENTAL AND CONSEQUENTIAL DAMAGES SHALL NOT BE RECOVERABLE EVEN IF THE REMEDIES OR THE ACTIONS PROVIDED FOR IN THIS WARRANTY FAIL OF THEIR ESSENTIAL PURPOSE.
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How to fill out limitation on consequential damages

01
Identify the potential risks and liabilities associated with the contract.
02
Clearly define what constitutes consequential damages in the contract.
03
Include a clause that limits the extent of consequential damages that can be recovered.
04
Specify the process for resolving disputes related to consequential damages.
05
Make sure all parties involved in the contract understand and agree to the limitations on consequential damages.

Who needs limitation on consequential damages?

01
Businesses entering into contracts with high financial stakes.
02
Contractors and service providers looking to limit their liability.
03
Companies operating in industries with high potential for lawsuits.
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The limitation on consequential damages is a provision that limits the amount of damages that can be recovered for indirect or consequential losses resulting from a breach of contract or other legal issues.
Parties entering into a contract or legal agreement may be required to include a limitation on consequential damages clause.
To fill out a limitation on consequential damages clause, one must clearly specify the types of damages that are excluded, establish a cap on the amount of recoverable damages, and ensure that both parties agree to the terms.
The purpose of a limitation on consequential damages is to protect parties from excessive liability and financial exposure in the event of unforeseen circumstances or breach of contract.
The limitation on consequential damages clause should outline the types of damages that are excluded, the maximum amount of recoverable damages, and any specific conditions or circumstances under which the limitation may be enforced.
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