exemption clause

exemption clause

exemption clause. A contractual provision providing that a party will not be liable for damages for which that party would otherwise have ordinarily been liable. Cf. EXCEPTION CLAUSE; EXCULPATORY CLAUSE; INDEMNITY CLAUSE. [Cases: Contracts 114. C.J.S. Contracts § 271.] “An exemption clause may take many forms, but all such clauses have one thing in common

exemption clause Read More »

Scroll to Top