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Clauses in Contracts

An exclusion clause excludes liability for non-performance of contractual obligations, while a limitation clause limits liability in the event of a breach. A standard clause is inserted as standard into certain types of contracts or agreements.

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Batzundui G
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307 views36 pages

Clauses in Contracts

An exclusion clause excludes liability for non-performance of contractual obligations, while a limitation clause limits liability in the event of a breach. A standard clause is inserted as standard into certain types of contracts or agreements.

Uploaded by

Batzundui G
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PPTX, PDF, TXT or read online on Scribd
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Clauses in contracts

An exclusion clause, A limitation clause


• 1. An exclusion clause is a clause that excludes or restricts liability for non-
performance or default in performance of a contractual obligation.

• 2. A limitation clause is a contract provision that seeks to limit the liability of one


or more parties to the contract in the event of a breach of the agreement. 

• 3. A Standard clause which is inserted as standard into certain types of contracts


 or agreements

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