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What a limitation of liability clause actually caps

A limitation of liability clause caps the maximum amount one party can be required to pay the other if something goes wrong, and often excludes certain categories of damages entirely, like lost profits or indirect losses. It is frequently one of the most heavily negotiated clauses in a commercial contract.

Where these clauses commonly appear

Anywhere a service or product failure could cause losses far larger than the contract's actual value, this clause typically appears to cap that exposure.

The two things this clause usually does

Sets a dollar cap

Often tied to fees paid under the contract — for example, capped at the total amount paid in the prior 12 months.

Excludes categories of damages

Commonly excludes "consequential," "indirect," "incidental," or "special" damages — including lost profits, lost data, or reputational harm — even if the cap itself is never reached.

What usually falls outside the cap

Most limitation of liability clauses carve out certain categories entirely: gross negligence, willful misconduct, breach of confidentiality, and indemnification obligations are commonly excluded from the cap, meaning liability for those can run uncapped.

These carve-outs are often where the real negotiation happens, since a broad cap is far less protective if the exclusions are narrow, and vice versa.

The part most guides skip: the cap and the exclusions work together, not separatelyA generous-looking dollar cap means little if consequential damages, the category that often represents the largest real-world losses, are excluded entirely rather than merely capped. Read the cap and the damage-category exclusions as one combined picture of your actual maximum exposure, not two separate protections.

Questions to ask before you sign

  • What is the dollar cap, and how is it calculated?
  • Are consequential, indirect, or incidental damages excluded entirely?
  • What specific categories are carved out of the cap (gross negligence, confidentiality breach, indemnification)?
  • Is the cap mutual, or does it only protect one party?
  • Does the cap reset annually, or is it a single lifetime limit?

Sources

  • Practical Law — limitation of liability clause drafting guidance
  • American Bar Association — negotiating liability caps in commercial contracts
This is general information, not legal advice. Docly helps you find and understand what a document actually says. It does not tell you whether a clause is enforceable where you live, and it is not a substitute for a lawyer. For a decision with real money attached, get advice from an attorney licensed in your state.

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