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Overview (Program Summary)
A program hosted by:
ACC ColoradoAdvance your contract negotiating skills by joining tech and financial services attorneys in a mock negotiation of Limitations of Liability clauses that range from typical to onerous. LOLs are no laughing matter. They appear in most software and vendor services contracts. It’s an important clause when something goes wrong, as it allocates in advance each party’s exposure and potential liability. This session informs attendees about the various considerations in negotiating such clauses, the tricky language to look for under state laws, and ancillary considerations such as indemnifications and choice of law. Discussion includes liability caps, damages limitations, interaction with indemnification, and illusory promises. The session will involve a mock negotiation of limitations of liability provisions to illustrate how to apply the instructional content.
Speakers:
Lisa Bowser, Associate General Counsel – I.P. & Tech Transactions for Cognizant