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Liability Agreement
"I need a Liability Agreement for my software development company in Lagos, Nigeria, to limit our liability when providing cloud storage services to enterprise clients, with specific focus on data protection and cyber security incidents."
1. Parties: Identification and details of all parties to the agreement
2. Background: Context of the agreement and relationship between the parties
3. Definitions: Defined terms used throughout the agreement
4. Scope of Agreement: Overview of activities or relationships covered by the liability provisions
5. Liability Provisions: Core terms detailing the allocation of liability between parties
6. Indemnification: Terms regarding mutual or unilateral indemnification obligations
7. Limitation of Liability: Specific limitations on liability including caps and excluded damages
8. Insurance Requirements: Mandatory insurance coverage requirements for each party
9. Force Majeure: Circumstances excusing performance and affecting liability
10. Dispute Resolution: Procedures for resolving disputes including jurisdiction and governing law
11. Term and Termination: Duration of the agreement and termination provisions
12. General Provisions: Standard boilerplate clauses including notices, amendments, and assignment
1. Confidentiality: Provisions for protecting confidential information, used when sensitive information will be shared
2. Intellectual Property: IP-related liability provisions, included when IP assets are involved
3. Environmental Liability: Specific provisions for environmental risks, used in industries with environmental impact
4. Product Liability: Specific provisions for product-related risks, used in manufacturing or supply agreements
5. Third Party Claims: Detailed procedures for handling third party claims, used in high-risk scenarios
6. Compliance with Laws: Specific regulatory compliance obligations, used in heavily regulated industries
7. Security Requirements: Provisions for security measures and related liability, used in data-sensitive contexts
8. Change Management: Procedures for managing changes that may affect liability, used in long-term agreements
1. Schedule A - Insurance Requirements: Detailed insurance requirements including types and amounts of coverage
2. Schedule B - Liability Caps: Specific monetary limits on liability for different categories of claims
3. Schedule C - High Risk Activities: List of activities subject to special liability provisions
4. Schedule D - Indemnification Procedures: Detailed procedures for making and handling indemnification claims
5. Appendix 1 - Notice Requirements: Contact details and procedures for formal notices under the agreement
6. Appendix 2 - Incident Reporting Forms: Standard forms for reporting incidents that may give rise to liability
Authors
Manufacturing
Oil and Gas
Construction
Technology and Software
Healthcare
Professional Services
Transportation and Logistics
Financial Services
Industrial Services
Retail and Distribution
Energy
Telecommunications
Mining
Agriculture
Real Estate
Legal
Risk Management
Compliance
Finance
Operations
Procurement
Commercial
Insurance
Corporate Affairs
Business Development
Supply Chain
Contract Administration
Legal Counsel
Risk Manager
Compliance Officer
Contract Manager
Chief Financial Officer
Operations Director
Project Manager
Insurance Manager
General Counsel
Commercial Director
Chief Risk Officer
Business Development Manager
Supply Chain Manager
Procurement Manager
Corporate Secretary
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