CONTRACT LAW L4 - Unfair Terms & Exemption Clauses - INTRO Flashcards

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1
Q

What is an exemption clause? (1)

A

It is a contractual term that purports to limit or exclude liability that would otherwise attach to one of the contracting parties.

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2
Q

What may the obligations affected by an exemption clause be? (3)

A

Contractual, tortious or both.

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3
Q

Is it more likely for a party to limit its liability or exclude it when negotiating a contract? (1)

A

Limit it.

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