Parties to commercial contracts commonly seek to set some parameters around what will happen in the event of a breach. They may for example agree a fixed sum that is payable on breach, or set a maximum sum for any damages, or exclude liability (or particular categories of liability) altogether.
Such clauses may not always have the effect the parties expect, either because of how they are interpreted by the courts or because they are held to be unenforceable as a result of statute or common law principles.
Our latest contract disputes practical guide considers the main types of clause that may be used and the extent to which they will (or will not) be effective, and provide some practical tips for commercial parties.
To download the PDF guide and access our webinar exploring these issues, click here.
All the guides and webinars in our contract disputes series are available here on our Litigation Notes blog.
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The articles published on this website, current at the dates of publication set out above, are for reference purposes only. They do not constitute legal advice and should not be relied upon as such. Specific legal advice about your specific circumstances should always be sought separately before taking any action.