Bringing the Shutters Down – ways to limit your liability, March 2011

24-03-2011

The limitation of liability is an issue that is hotly negotiated in most commercial contracts and construction is no different. It can, however, sometimes be overlooked where unamended standard form contracts are used. Parties often rely on the standard form clauses as having the “authority” of being tried and tested and drafted with the benefit of the knowledge and experience of the industry. Unfortunately, such reliance can prove perilous as they may not always adequately deal with the commercial risks of a particular project.

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