Simple Liability
Simple Liability
I. Introduction
This liability statement ("Statement") is entered into between [Your Company Name] ("Company") and [Client Name] ("Client") to outline the terms and conditions regarding liability for [Liability Details/Objectives]. By agreeing to this Statement, both parties acknowledge their understanding and acceptance of the outlined responsibilities and liabilities.
II. Scope of Liability
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[Your Company Name] Liability:
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[Your Company Name] agrees to [state the specific responsibilities or actions the company will undertake].
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In the event of any errors or omissions resulting from the actions of [Your Company Name], the liability shall be limited to [specify the extent of liability, such as monetary compensation or rectification of services].
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Client Liability:
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[Client Name] acknowledges their responsibility to [state the specific obligations or actions the client must fulfill].
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The Client agrees to indemnify and hold harmless [Your Company Name] against any claims or damages arising from [specify potential liabilities, such as breach of contract or misuse of services].
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III. Limitation of Liability
The parties agree that [Your Company Name]'s liability for any direct, indirect, incidental, consequential, or punitive damages arising out of or related to this Statement shall be limited to the total fees paid by the Client to [Your Company Name] under this agreement. This limitation of liability shall apply regardless of the cause of action, including but not limited to negligence.
IV. Dispute Resolution
In the event of any dispute arising from this Statement, both parties agree to engage in good faith negotiations to resolve the matter amicably. If the dispute cannot be resolved through negotiations, it shall be referred to mediation in accordance with the rules of [Arbitration/Mediation Organization]. Any unresolved disputes shall be subject to the exclusive jurisdiction of the courts in [Your Jurisdiction].
V. Governing Law
This Statement shall be governed by and construed in accordance with the laws of [Your Jurisdiction]. Any legal action or proceeding arising out of or related to this Statement shall be brought exclusively in the courts of [Your Jurisdiction].
VI. Amendments
Any amendments or modifications to this Statement must be made in writing and signed by both parties to be considered valid and enforceable.
By signing below, the parties acknowledge that they have read and understood the terms of this Liability Statement and agree to be bound by its provisions.
[Your Name]
[Your Title]
[Your Company Name]
[Date]
[Client Name]
[Client Title]
[Date]
