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Exculpatory Clause
A contractual provision that relieves one party from liability for harm caused during the execution of the contract, within the limits of the law.
Strict Liability Clause
A legal principle that holds an individual or entity responsible for their actions or products, regardless of negligence or intent.
Limited Liability Clause
A provision in a contract that limits the amount of money one party can be responsible for in case of breach of the contract.
Res Ipsa Loquitur
A legal doctrine stating that the occurrence of an accident implies negligence, as the event would not normally happen without it.
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