Explain Exemption Clauses
Explain what do you mean Exemption Clauses?
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Exemption clauses limit the liability of one party to the contract by either excusing liability completely for certain things or by limiting liability to a fixed dollar amount. Courts are wary of exemption clauses because of the advantageous position of the party creating a standard form contract.
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Illustrate what do you mean by Exemption Clauses?
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