Five Common Questions About Limitation of Liability

In warehousing and logistics contracts, a limitation of liability is a contractual safeguard that sets a cap on how much compensation a business is responsible for in the event of a contractual breach of obligations. These clauses are particularly important when there are high value goods involved. In this video, Head of Dispute Resolution Nick Clarke answers five common questions about limitation of liability, including: 00:00 Introduction 00:14 What does limitation of liability mean? 00:43 How does limitation of liability apply in warehousing? 01:14 When can you negotiate a limitation of liability? 01:36 Are limitation of liability clauses always enforceable? 02:10 Are limitation of liability clauses something you can rely on to protect your interests?