Welcome to our series of short videos looking at commonly encountered liability issues in commercial contracts. The topics covered in this series include limiting liability for negligence, the impact of the Unfair Contract Terms Act 1977 and the distinction between direct and indirect loss.
In the first episode, Ben Chivers, Commercial, IP & Technology Partner takes a look at various liability caps, considering:
- The basics of liability caps: what are they and why have one?
- Other factors: Different caps for different losses and "super caps".
- Drafting tips and pitfalls.