Remedies and Limitations on Remedies Clauses


Summary

This form contains remedies and limitation of remedies clauses that may be used in a commercial contract as a substitute to the broad default remedies provided by law. This template includes practical guidance and drafting notes. If the parties to a contract intend to substitute a remedy for the broad default remedies provided by law, they need to clearly express in the contract that the substituted remedies are the parties' sole remedies. Similarly, parties may expressly limit their liability. For more information on remedies, see Remedies. For guidance on contract drafting in general, see Commercial Contract Drafting and Review, Commercial Contract Drafting and Review Checklist, and General Commercial Contract Clause Resource Kit.