Client alert: Terms of Business – Limiting Liability

Terms of Business – Limiting Liability

Abigail Doggrell, trainee solicitor at Humphries Kirk provides the latest information on terms of business and limiting liability.

Businesses that supply goods or perform services will have written standard terms of business. These standard terms often include “limitation of liability” clauses, which means that the business will either limit or exclude its liability in any claim against them for breach of contract. For example, in a claim that the goods supplied under the contract were defective, the business may limit that any losses shall not exceed the original price of the goods.

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