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Professionals Standards Scheme Discretionary Higher Cap Application Form Clauses 4.1 and 4.2 of the Queensland Law Society Professional Standards Scheme (the Scheme) provide that: 4.1Queensland Law

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Companies or individuals who provide goods or services and want to limit their liability in case of legal disputes.

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What is qls limitation of liability?

QLS limitation of liability refers to a legal clause that limits the amount of damages one party can recover from another in the event of a lawsuit or financial claim.

Who is required to file qls limitation of liability?

Generally, businesses or individuals who want to limit their financial liability in contracts or agreements are required to file a QLS limitation of liability.

How to fill out qls limitation of liability?

To fill out the QLS limitation of liability, one needs to complete the prescribed form, providing details such as the parties involved, the nature of the transaction, and the specific limitations on liability.

What is the purpose of qls limitation of liability?

The purpose of the QLS limitation of liability is to protect parties from excessive financial loss by capping their liability to a certain amount.

What information must be reported on qls limitation of liability?

The information required includes the parties' names, contract details, specific liability limits, and any relevant terms and conditions.

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