An Exculpatory Clause Is a Provision in a Contract That

question 33

True/False

An exculpatory clause is a provision in a contract that purports to relieve one of the parties from tort liability.

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Definitions:

Negative Impact

Negative Impact refers to the adverse effects or harm that an action, policy, or event can have on individuals, communities, the environment, or the economy.

Self-Regulatory Programs

Initiatives voluntarily undertaken by industries or companies to monitor and regulate their own behavior according to established guidelines or standards.

Better Business Bureau

A non-profit organization focused on advancing marketplace trust, helping consumers identify trustworthy businesses.

Self-Regulatory Association

An organization created by members of an industry to enforce fair and ethical practices within that industry without direct government intervention.