Ready-made language with thoughtful terms limiting a supplier's liability in a contract:
1. Liquidated damages for delay
2. Penalty for delivery of substandard or incomplete goods
3. exclusivity of penalties (losses in excess of penalties are not compensated)
4. liability for causing damage
5. Exclusion of consequential damages and lost profits
6. General limitation of liability
7. Liability only if there is fault
8. Exclusion of liability not provided for by contract or peremptory norms
9. Exclusion of the Supplier's liability due to the Purchaser's default
10. Exclusion of Supplier's liability in case of receipt of insurance payments by the Buyer
11. Conditions of validity of the guarantee
12. Termination of liability
13. Limitation of liability does not apply
Who is it for?
- Suppliers of goods and services
- Lawyers for companies dealing with B2B contracts
- Businesses negotiating with large customers
- Startups that want to minimize legal risks
What problems does it solve?
1. Financial losses - protects against large lawsuits through liability limits.
2. Unforeseeable risks - eliminates claims for lost profits and reputational damage.
3. legal conflicts - reduces the risk of litigation through clear contractual terms.