IP Licensing · glossary
The most a party can be made to pay under a contract. Clause 11.4 caps each side's liability at £250,000. Clause 11.6 leaves four claims uncapped: death or personal injury caused by negligence, fraud, use of the IP the Licence does not permit, and a breach of clause 5. Licence 11.4 · Chapter 9 · see Confidentiality
Explained in Chapter 9, Money, Warranties and Liability, of IP Licensing.
Also explained in Legal Due Diligence, White Label SaaS, Venture Deals and English Law Basics.
A liability cap is the most a party can ever be made to pay under a contract. Clause 11.4 sets one figure for both sides…Read Chapter 9, Money, Warranties and Liability →
Chapter 1 and this glossary are open to everyone; the whole edition is free to read with a free account until 31 January, and it stays open to an account opened by then.Chapter 1 of IP Licensing and this glossary are free to read; the rest of the edition is in the Library, at €12 a month or €79 for a Year Pass.
Related terms
Where this term lives
This term is part of one complete fictional deal, with every document attached and a test after every chapter. Open IP Licensing → · All terms A–Z →