A limitation of liability clause restricts the amount one party has to pay the other in damages, usually capped at the amount paid for the service in the previous 12 months.
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What are "Super Caps" in liability negotiations?
Super Caps are higher liability limits specifically for certain events, like a data breach or gross negligence, where the standard "12-month spend" cap is seen as insufficient by the buyer.
Knowledge Challenge
Mastered Limitation of Liability (LoL) in SaaS? Now try to guess the related 6-letter word!
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