Exculpatory Clause

Exculpatory Clause

Exculpatory Clause in International Trade

Meaning of Exculpatory Clause, according to the Dictionary of International Trade (Global Negotiator): A contract clause by which a party is released from liability for wrongful acts committed by the other party. A seller may agree to release a buyer, for example, from liability for all or specified defects in the design, packaging or manufacture of a product.


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