A waiver of damages clause is a provision in a contract where one or both parties agree not to hold each other liable for certain types of damages that may arise from a breach or other contract-related issues. This clause is typically used to limit financial exposure and encourage mutually beneficial risk management.
Waiver of Damages. In no event shall the Purchaser or the Collateral Agent be liable for punitive, exemplary or consequential damages, including, without limitation, lost profits, whatever the nature of a breach by the Purchaser of its obligations under this Note or any of the other Loan Documents, and the Company for itself and the Subsidiaries waives all claims for punitive, exemplary or consequential damages.
Waiver of Damages. In no event shall Company have any liability to Brand Ambassador for any special, consequential, incidental, multiple, punitive, or other indirect loss or damages, or for any loss of profits, business opportunity, competitive advantage, or goodwill arising out of this Agreement. The Company’s total, cumulative liability for any and all claims and damages under this Agreement, whether arising by statute, contract, tort or otherwise, will not exceed the amounts paid hereunder during the twelve (12) month period immediately preceding the event giving rise to the claim.
Waiver of Damages. Watkins hereby waives any right to recover damages, costs, attorneys’ fees, and any other relief in any charge, proceeding or action brought against the Releasees by him or by any other party on his behalf, including without limitation the Equal Employment Opportunity Commission, or other administrative agency, asserting any claims released by Watkins herein. Notwithstanding the foregoing, Watkins does not waive rights, if any, he may have to unemployment insurance benefits or workers’ compensation benefits.
WAIVER OF DAMAGES - Nothing in this Agreement, including but not limited to the release of claims, covenant not to sue, waiver of future employment or confidentiality provision, is intended to or shall interfere with Employee’s right to file a charge or complaint with, or from participating in an investigation or proceeding conducted by, the Securities and Exchange Commission, the National Labor Relations Board, the EEOC or any other federal, state or local agency enforcing any employment law; nor is it intended to and shall not interfere with Employee’s exercising rights under those agencies. Employee retains the right to participate in any such action, and retains the right to communicate with the EEOC and any other federal, state, or local agency enforcing discrimination laws and such communication shall not be limited by any provision in this Agreement. Employee shall not, however, be entitled to receive any relief, recovery or monies in connection with any Released Claim brought against any of the Released Parties, regardless of who filed or initiated any such complaint, charge or proceeding.
Waiver of Redemption; Waiver of Damages. Subtenant hereby expressly waives any and all rights of redemption to which it may be entitled by or under any present or future laws in the event Sublandlord shall obtain a judgment for possession of the Premises. In no event shall Sublandlord be liable for, and Subtenant hereby waives any claim for, any indirect, consequential or punitive damages, including loss of profits or business opportunity, arising under or in connection with this Sublease.
Waiver of Damages. Neither party hereunder shall be liable to the other party for any special, indirect, loss of use, lost profits, or consequential (other than actual and direct) damages arising under or out of this Agreement or the transactions contemplated herein.
Waiver of Damages. The Sellers and GGP, on the one hand, and the Purchaser, on the other hand, each agrees, to the fullest extent permitted by applicable law, not to assert, and hereby waives, any claim against any other party, on any theory of liability, for any special, indirect, consequential or punitive damages (as opposed to actual or direct damages) resulting from this Agreement or arising out of such other party’s activities in connection herewith; provided that this sentence shall in no way limit or vitiate any obligations of a party to indemnify the other party hereunder with respect to any third-party claims for special, indirect, consequential or punitive damages whatsoever.
Waiver of Damages. In no event shall Lender be liable to Borrower for punitive, exemplary, or consequential damages, including lost profits, for any breach of this Agreement or any of the other Loan Documents, or for any action, in contract or tort, arising out of or relating to the relationship between Lender and Borrower, and Borrower for itself and on behalf of its Guarantors waives all claims for punitive, exemplary, or consequential damages.
A Waiver of Damages is a contractual provision whereby one party agrees not to hold the other liable for any harm or loss that may occur as a result of their agreement. This clause is intended to limit potential liabilities and is often utilized in scenarios where the risks are acknowledged, and the party is willing to forego claims for damages.
You should consider using a Waiver of Damages in situations where:
To write a Waiver of Damages, follow these steps:
Example:
“The Tenant hereby waives and releases any and all claims against the Landlord for damages arising out of, or connected with, the Tenant’s use of the rental premises, except in cases of gross negligence or intentional misconduct by the Landlord.”
Contracts that commonly incorporate a Waiver of Damages include:
In each of these scenarios, the use of a Waiver of Damages helps manage risk and protect parties from potential legal claims arising from unforeseen damages.
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Dive deeper into the world of clauses and learn more about these other clauses that are used in real contracts.
A waiver of homestead clause is a contractual provision where an individual voluntarily relinquishes their right to claim a homestead exemption, which typically protects a portion of their primary residence from creditors in case of debt collection or bankruptcy. By agreeing to this waiver, the individual allows creditors to bypass the homestead protection and potentially seize or sell the property to satisfy outstanding debts.
A waiver of jury trial clause is a contractual agreement where parties involved consent to resolve any disputes through bench trial rather than a jury trial. This provision is often included to streamline legal proceedings and reduce the time and cost associated with jury trials.
A waiver of liability clause releases one party from legal claims or damages that may arise from their actions or negligence. By agreeing to this clause, the other party acknowledges and accepts the risks involved, forfeiting their right to seek compensation.
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