Laying the blame
13 September 2012
Liability and consequential loss are vital considerations for purchasers in contract negotiations with suppliers. Alexandra Thrower explains the issues
Over recent years, the issue of liability and consequential loss has been the subject of lengthy debate both in contract negotiations and in the courts. In the bargaining over contracts, it is often the liability clause that is left to be resolved at the end. The main issues are the financial limits on liability and what areas of consequential loss are to be excluded...