The Limitation of Liability Clause – Take a Granular Approach to Identify and Manage Vendor Risk Better

Author(s): Phil Bode

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The limitation of liability clause should be negotiated at the granular level to apportion the risk between the parties more appropriately. Use leading contracting practices to ensure that you identify, evaluate, negotiate, and mitigate and manage contractual risk.

Failure to understand the impact of the limitation of liability clause can have a detrimental impact on your contract and your organization. Understand the impact of this clause and learn how to improve contract risk management techniques.

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