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)