Limitation of liability cap clauses, explained

The maximum amount you could owe the client if something goes wrong. With no cap, a $5,000 project can expose you to a claim for the client's lost profits, which can be orders of magnitude larger than what you were paid.

Market standard

Total liability capped at the fees paid under the agreement (or fees paid in the preceding 12 months for ongoing work). Both parties waive indirect, incidental, and consequential damages, including lost profits.

Red flags

Suggested wording

Except for each party's indemnification obligations and breach of confidentiality, neither party's aggregate liability under this Agreement will exceed the total fees paid to the Provider in the 12 months preceding the claim. Neither party is liable for indirect, incidental, special, or consequential damages, or lost profits.

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Limitation of liability cap clauses, explained · Gig Clause