Easy connections. 10kg handbag Personal entertainment system Stopover in Iceland Seat Selection Great on-time performance Trusted for 80 years Icelandair Service Center Tel: +44 (0) 20 7874 1000 dial 1 Chat with us on Facebook messenger Contact us through Twitter
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.
Incremental funding such as you discuss is really incremental obligation. (FAR 52.232-22, the Limitation of Funds clause, is, in effect, an option clause.) Now, suppose that you award a one-year (12 month) contract for segregable services on June 1, 2014, with performance through May 31, 2015.