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Simple English definitions for legal terms

limitation-of-damages clause

Read a random definition: quayage

A quick definition of limitation-of-damages clause:

A limitation-of-damages clause is a part of a contract where the people involved agree on the most money that can be paid if someone breaks the agreement. This is different from a liquidated-damages clause, which is when the amount of money is already decided before anything happens.

A more thorough explanation:

A limitation-of-damages clause is a part of a contract where the parties agree on the maximum amount of money that can be recovered if there is a breach of the agreement. This means that if one party breaks the contract, the other party cannot sue for more than the agreed-upon amount.

Imagine that you are a freelance graphic designer and you have a contract with a client to design a logo for their business. The contract includes a limitation-of-damages clause that states that if you fail to deliver the logo on time, the client can only recover up to $500 in damages. If the client were to sue you for more than $500, the court would not award them any more money than what was agreed upon in the contract.

Another example could be a rental agreement for an apartment. The contract may include a limitation-of-damages clause that states that if the tenant damages the property, they can only be held liable for up to a certain amount, such as $1,000. If the damages exceed that amount, the landlord cannot sue the tenant for more than $1,000.

These examples illustrate how a limitation-of-damages clause can protect both parties in a contract by setting a clear limit on the amount of money that can be recovered in case of a breach.

limitation | limitation-of-liability act

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shaquilleoatmeal
18:17
@Eminatorcookieeater: I think it's still a good sign, seems like we're one stage away from a decision rolling out which is a good thing, whether an A, R, or WL lol
shaquilleoatmeal
18:17
all obviously based on that reddit post which might not be accurate
Exactly at least something is happening haha
shaquilleoatmeal
18:19
lfg just got a vandy interview
Dkk
18:26
Nice, I should get that app in.
Dkk
18:26
Good motivation.
shaquilleoatmeal
18:28
@Dkk: get that app in man, c'mon
[] baddestbunny
18:29
1.5 hours bitches
[] baddestbunny
18:32
but who’s counting?
it’s happennninnnnggg
Dkk
18:37
I will do better! @Shaq
shaquilleoatmeal
18:41
atta boy dk
[] baddestbunny
18:42
I think our opponent’s dad is mad at me
good feed off his malding
JumpySubsequentDolphin
18:52
gulc should send invites so i can take my mind off the election
Dkk
19:11
Man, I just made two steaks, opened a bottle of Chianti Classico. Just gotta relax.
Dkk
19:11
It will all be good!
Dkk
19:15
Btw no Berkeley. Friend at Berkeley law says everyone is checked out already cus of the election.
19:19
the final results won't be announced for quite a while right
should have a good idea of the winner late tonight or tomorrow morning
BulbasaurNoLikeCardio
19:25
I am hoping to have a decent idea of who next president will be by my bed time lmao
kamala getting crushed in florida
19:30
despite the election, 81 As today and 7 Rs, wow more than I would have guessed
BulbasaurNoLikeCardio
19:31
@llama: I think it is great to see that, I am wondering how crazy end of november and early december A/R is going to be
19:41
@BulbasaurNoLikeCardio: yeah should be a wild ride the next few months for sure!
[] baddestbunny
19:53
seven minutes
19:56
bunny r u exhausted or overtired and wide awake?
JumpySubsequentDolphin
20:02
December is gonna be INSAAANE for decisions
BulbasaurNoLikeCardio
20:20
@JumpySubsequentDolphin: it will honestly be awesome to see
JumpySubsequentDolphin
20:22
@BulbasaurNoLikeCardio: only if it’s good news ☹️
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