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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.
the limitations period begins from the date the last element of the cause of action occurred 95 051 note the limitation period is tolled stopped for any period during which the debtor is absent from the state and each time a voluntary payment is made on a debt arising from a written instrument almost all other actions fall under the 4 year catch all limitations period f s 95 11 3 p end qoute