The High Court has held a limitation clause in a research agreement would be effective to limit liability for dishonesty, though not fraudulent misrepresentation. Innovate had patented a drug and ...

As such, the valid limitation-of-liability clauses must stand. Bombardier Aerospace Corp. v. SPEP Aircraft Holdings, LLC, 572 S.W.3d 213, 232 (Tex. 2019) (internal citation omitted).

On Oct. 30, 2015, attorneys for Tote Maritime, owners of the EL FARO, filed a petition for exoneration from or limitation of liability in a Florida federal district court. Best Offense ...

And, even if you do not sign a contract, a limitation on liability will frequently be included in the terms and conditions attached to purchase orders for the goods and services that you buy.

A contract's limitation of liability or “LOL” clause is often the subject of considerable attention and negotiation between contracting parties and frequently arises during the ...

While the Limitation of Liability Act was meant to boost American shipping, just a small percentage of modern commercial vessels are U.S. owned, meaning the protections often benefit foreign ...

Together, they filed a claim in Baltimore’s U.S. District Court asking a judge to clear them from liability or limit damages to the value of the ship plus the revenue it stood to make from its ...

Although the vendor may have insurance coverage, the dollar cap in the limitation on liability can be used by the insurer to limit the amount of recovery. If you are paying $50,000 for services and a ...