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Contract Law 2 (Exemption clauses (type of contractual term which is…
Contract Law 2
Exemption clauses
type of contractual term which is inserted into contracts for the purpose of
excluding or limiting the liability of one of the parties to the contract.
can be abused, especially in contracts where the terms are dictated by one party,
who may have stronger bargaining power, and imposed onto the other party
w protects the ‘weaker’ party to a contract by ensuring that an exemption clause must
satisfy certain conditions before a party can rely on it.
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Conditions
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if it is breached, the innocent party can treat the contract as
being ended, and can refuse to perform his part of the contract.
very important term of a contract,
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