Maximum total liability
We may hardly get 5-10 lakh/annum from our recruitment services to client. but the below paragraph says, if there is breach then we have to pay 5 crore. Should i sign this legal agreement?
We know this is not possible, but can we have this in our agreement? As this clause may take all our hard earnings of 10-15 years in 1 short.
limitations on liability.
except for damages or losses arising from infringement or misappropriation
of a party’s intellectual property, in no event shall either party be liable to the
other for special, consequential, incidental, indirect, punitive or exemplary
damages, whether arising in contract (including warranty), tort (including active,
passive or imputed negligence, strict liability or product liability) or otherwise,
including, but not limited to, loss of use, loss of data, business interruption, loss
of revenue, loss of profits, loss of business or other financial loss arising out of
or in connection with this agreement, even if such party is advised of the possibility
of such damages. f5's total aggregate liability to customer under this agreement
Maximum of the total amount actually paid by customer for the services in
the twelve (12) months preceding the event OR 5 crores giving rise to liability. the foregoing
limitations do not apply to any liability for death or personal injury or to any
liability which may not be lawfully excluded by the governing law of this
agreement as set out in section