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Meaning of “limitation of liability” in the English Dictionary

"limitation of liability" in Business English

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limitation of liabilitynoun [C or U]

uk   us   plural limitations of liability LAW
a rule that controls or reduces someone's legal and financial responsibility for a problem, such as damage, a debt, or a mistake: Limitation of liability clauses protect the equipment manufacturer if there's an accident during training.
(Definition of limitation of liability from the Cambridge Business English Dictionary © Cambridge University Press)
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