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GLOSSARY
Published by a LexisNexis Commercial expert
What does Exclusion clause mean?
A contractually agreed limit on liability for non-performance of an agreement and a defence to the extent permitted by law.
An exclusion clause is a clause that excludes or restricts liability. Therefore, it is a clause under which a party seeks to exclude or limit its liability for non-performance of the contract. For example, such a clause may set a monetary cap on liability or restrict or exclude the rules of procedure or evidence.
Commercial
A contractually agreed limit on liability for non-performance of an agreement and a defence to the extent permitted by law.
An exclusion clause is a clause that excludes or restricts liability. Therefore, it is a clause under which a party seeks to exclude or limit its liability for non-performance of the contract. For example, such a clause may set a monetary cap on liability or restrict or exclude the rules of procedure or evidence.
View the related practice notes about Exclusion clause
Exclusion and limitation of liability
This Practice Note considers exclusion and limitation of liability in business-to-business (B2B) contracts. It provides guidance on the common law...
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Key terms and conditions in commercial contracts
This Practice Note considers the key terms and conditions found in business-to-business (B2B) commercial contracts. It sets out the general...
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Discover our 100 Practice Notes on Exclusion clause
View the related precedents about Exclusion clause
Ireland—Sales and marketing agency agreement for services—exclusive—pro-principal
This Precedent is an agency agreement for use where the principal supplies services and authorises an agent to market and...
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Witness statement in support of an application to challenge English court jurisdiction
Witness statement in support of an application to challenge English court jurisdiction Filed on behalf of the defendant Witness Statement...
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Dive into our 2 Precedents related to Exclusion clause
View the related q&as about Exclusion clause
Can a law firm be liable to its client in a transaction where a loss is sustained through currency fluctuation?
Can a law firm be liable to its client in a transaction where a loss is...
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Do/can you use a ‘Rights of Third Parties’ clause in trust documents, eg a deed of appointment appointing trust assets to a beneficiary, and if so is it likely to be enforceable, or are these clauses only used in contracts/commercial transactions?
Do/can you use a ‘Rights of Third Parties’ clause in trust documents, eg a deed of...
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See the 17 Q&As about Exclusion clause
View the related News about Exclusion clause
Insurance & Reinsurance weekly highlights—15 February 2024
This week's edition of Insurance & Reinsurance weekly highlights includes: the UK Supreme Court rules insurers must pay out on...
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Insurance & Reinsurance weekly highlights—8 February 2024
This week's edition of the Insurance & Reinsurance weekly highlights includes: case analyses on the recent cases of Aercap v...
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Read the latest 191 News articles on Exclusion clause
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