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A limitation of liability clause is a provision in a contract that limits the amount of exposure a company faces in the event a lawsuit is filed or another claim is made. If found to be enforceable, a limitation of liability clause can cap the amount of potential damages to which a company is exposed. The limit may apply to all claims arising during the course of the contract, or it may apply only to certain types of causes of action.
Termination for Cause Law & Legal Definition. Termination for cause refers to the expiration of a contract when one side failed to act up to the terms of the contract, and the other side is ending the relationship as a result.Termination for cause can result from work not being done or being done incorrectly.n an employment agreement by its nature, termination for cause is intended to address only those serious acts or omissions committed by employee that adversely affect the company's business in a material respect.