The "No Liability" clause stipulates that one or both parties will not be held responsible for certain damages or losses under specific circumstances. It serves to limit or eliminate potential financial or legal accountability in the event of an unforeseen incident or breach.
.M. Life shall have no liability under the Participation Agreement for the obligations of the Company. The Company shall have no liability under the Participation Agreement for the obligations of C.M. Life.
The Fund, the Adviser or DFAS shall have no liability under the Participation Agreement to the Company for its obligations to C.M. Life and the Fund, the Adviser or DFA shall have no liability under the Participation Agreement to C.M. Life for its obligations to the Company.
. Pruco NJ shall have no liability under the Participation Agreement for the obligations of Pruco.
In such cases, Computershare makes no warranty or representation as to the accuracy of the numbers included as a result of the direction from the Chair, and assumes no liability or responsibility whatsoever for their inclusion in our report as Scrutineer.
It is understood and agreed that the Escrow Holder shall incur no Liability (except for acts of gross negligence or willful misconduct) and be under no obligation to take any steps or action (whether by commencement of legal proceedings or otherwise) to insure that any funds are actually received by the Escrow Holder.
If it becomes illegal or impossible for the Escrow Holder to carry out any of the provisions hereof, the Escrow Agent shall incur no liability as a consequence of the enforceability of lack thereof of any agreements referred to herein.
The Escrow Holder shall have no liability with respect to any good faith action taken or allowed by it hereunder.
The Escrow Holder may consult with legal counsel in the event of any dispute or questions as the interpretation or construction of these Instructions or the Escrow Holder’s duties hereunder, and the Escrow Holder shall incur no liability and shall be fully protected in acting in accordance with the opinion and instructions of counsel. Any fees or costs so incurred shall be borne by the signatories hereto, other than the Escrow Holder.
Licensor accepts no liability, nor does it make any warranty and/or representation, express or implied, with regard to the accuracy, completeness and/or usability of any third party platforms/ delivery channels and/or the information derived therefrom.
Morningstar does not guarantee the accuracy and/or completeness of the <insert name of product> or any data included therein and Morningstar shall have no liability for any errors, omissions, or interruptions therein. Morningstar makes no warranty, express or implied, as to results to be obtained by <insert name of licensee or licensee product issuer>, or any other person or entity from the use of the <insert name of the product>, or any data therein. Morningstar makes no express or implied warranties, and expressly disclaims all warranties of merchantability or fitness for a particular purpose or use with respect to the <insert name of product> or any data included therein. Without limiting any of the foregoing, in no event shall Morningstar have any liability for any special, punitive, indirect, or consequential damages (including lost profits), even if notified of the possibility of such damages.
For the avoidance of doubt, no license for any use of Third Party Data is granted by Licensor under this Agreement. Licensee may be required to obtain permission directly from Content Providers for use of Third Party Data by Licensee. Licensor makes no representation or warrant as to any of the Third Party Data, including, without limitation, any representation or warranty that the Third Party Data or any portion of it is accurate, complete or timely. Licensor shall have no liability hereunder for any use of the Third Party Data by Licensee.
For absence of doubt and notwithstanding anything else in this Agreement, Licensor shall have no liability with respect to, or any obligation to indemnify Licensee or any other party from, any claim that the Third Party Data or any portion of any of them infringes a third party’s intellectual property rights.
Except as otherwise provided in this Agreement, the Backup Servicer may accept and reasonably rely on all accounting, records and work of the Servicer without audit, and the Backup Servicer shall have no Liability for the acts or omissions of the Servicer or for the inaccuracy of any data provided, produced or supplied by the Servicer. If any error, inaccuracy or omission (collectively, “Errors”) exists in any information received from the Servicer, and such Errors should cause or materially contribute to the Backup Servicer making or continuing any Errors (collectively, “Continued Errors”), the Backup Servicer shall have no Liability for such Continued Errors; provided, however, that this provision shall not protect the Backup Servicer against any Liability which would otherwise be imposed by reason of willful misconduct, bad faith or gross negligence in correcting any Error or in the performance of its duties hereunder or under the Loan Agreement.
If we determine that condition is not satisfied in any material respect, we will notify you, and neither the issuing entity nor any underwriter will have any obligation to you to deliver all or any portion of the securities which you have committed to purchase, and there will be no liability between us as a consequence of the non-delivery.
No liability refers to a clause or statement within a contract or agreement that limits or eliminates the liability or legal responsibility of a party in the event of particular circumstances or outcomes, typically to protect that party from being sued or held financially responsible for certain events.
You should consider using a no liability clause in situations where:
When writing a no liability clause, ensure clarity and fairness. Here’s a general structure you can use:
Example:
The Company shall not be liable for any indirect, incidental, or consequential damages arising from or in connection with this product, including but not limited to loss of profits, data, or use, incurred by the Buyer or any third party, whether in an action in contract or tort, even if the Company has been advised of the possibility of such damages.
No liability clauses are typically found in several types of contracts, including:
Dive deeper into the world of clauses and learn more about these other clauses that are used in real contracts.
A "No Liens" clause indicates that the contractor or party providing goods and services agrees not to place any liens or claims against the property involved in the contract. This clause protects the property owner from potential legal claims by subcontractors or suppliers seeking payment.
The "No Partnership or Agency" clause stipulates that the agreement does not create a partnership, joint venture, or agency relationship between the parties involved. This clause clarifies that each party remains independent and has no authority to bind or represent the other in any manner.
A "No Prepayment Penalty" clause allows borrowers to repay a loan ahead of schedule without incurring any additional fees or penalties. This provides flexibility for borrowers to save on interest costs by paying off their debt early.
Try our AI contract analysis and extract important clauses and information from existing contracts.
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