Blog Bite: Why is it important to negotiate specifics like caps on liability, exclusions, and time periods?

The article Australia: Limitation of liability clauses in contracts. What makes them effective? points out that if this clause is worded too broadly or ambiguously, the courts can interpret it as disproportionately benefiting the party putting it forth and therefore invalidate it. As a result, it is important to negotiate on specifics like caps on liability, exclusions, and time periods.

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Written by Alina.