How do you write a no liability clause?
Neither Party will be liable for damages of any kind as a result of exercising its right to terminate this Agreement according to its terms, and termination will not affect any other right or remedy at law or in equity of either Party. NO LIABILITY FOR DAMAGES.
How do you write an indemnity clause?
“[Company/Business/Individual Name] shall fully indemnify, hold harmless and defend _______ and its directors, officers, employees, agents, stockholders and Affiliates from and against all claims, demands, actions, suits, damages, liabilities, losses, settlements, judgments, costs and expenses (including but not …
What is a no fault termination clause?
With a no-fault termination clause, the employer is usually only required to give the employee a set number of dates notice of their termination and a written notice of the action. Many service industry employment contracts include no-fault termination because their employment arrangements are usually temporary anyway.
What is a standard indemnification clause?
An indemnification provision allocates the risk and expense in the event of a breach, default, or misconduct by one of the parties. They are typically used in agreements where the risks associated with a party’s non-performance, breach, or misconduct are high.
How do you write a disclaimer note?
In your disclaimer, cover any and all liabilities for the product or service that you provide. You should warn consumers of any dangers or hazards posed by your product. You should list specific risks while at the same time acknowledging that the list is not exhaustive. For example, you could write, “NOTICE OF RISK.
What is a disclaimer of liability?
They are designed to make sure that people are made aware of foreseeable risks of injury, or where responsibility will rest if items are lost, broken or stolen. Many such disclaimers seem to indicate that the business or organiser can in no way be held liable if there is an injury as a result of the activity.
Does an employer have the right to terminate a contract?
Except in certain special cases, such as summary dismissal (i.e. on-the-spot dismissal) or dismissal during a trial period, an employer needs to obtain permission to terminate your contract of employment.
Can you terminate an agreement without cause?
Dismissal Without Cause in Ontario, British Columbia, and Alberta. In a dismissal without cause, your employer is required to give you reasonable notice of termination. Reasonable notice can be provided in the form of working notice, pay in lieu of working notice, or a combination of both.
What is the indemnifying party?
“Indemnified Party” means any Person seeking indemnification from another Person pursuant to Article VIII. “Indemnifying Party” means any Person against whom a claim for indemnification is asserted by another Person pursuant to Article VIII. “Third Party Claim” has the meaning set forth in Section 8.7.
What does no liability sample clause mean?
No Liability Sample Clauses. No Liability. None of Parent, Merger Sub, the Company, the Surviving Corporation or the Paying Agent shall be liable to any Person in respect of any cash from the Payment Fund delivered to a public official pursuant to and in accordance with any applicable abandoned property, escheat or similar Applicable Law.
What does no admission of fault or liability mean?
No Admission of Fault or Liability . This Settlement Agreement is made to terminate any and all controversies, real or potential, asserted or unasserted, and claims for injuries or damages of any nature whatsoever, real or potential, accrued or unaccrued, asserted or unasserted,…
Is there an admission of fault in a settlement agreement?
No Admission of Fault or Liability. This Settlement Agreement is a compromise of disputed claims, and nothing contained in this Settlement Agreement shall be construed to be an admission of fault or liability on the part of any Party hereto, all such fault or liability being expressly denied by each and every Party hereto. Sample 1 Sample 2
What does no liability mean on a loan agreement?
No Liability . Neither Agent nor any Lender shall, under any circumstances or in any event whatsoever, have any liability for any error or omission or delay of any kind occurring in the settlement, collection or payment of any of the Receivables or any instrument received in payment thereof, or for any damage resulting therefrom.