MEMBER-ONLY COURSE
Sharpen your know-how on limitation of liability provisions, remedies, and damage types
In this two-hour course, Laura Frederick explains how to approach limitation of liability provisions and strategies for each clause. You'll walk away with a better grasp on how to protect your company and your clients.
Here's what you'll learn in the 2-hour Limitation of Liability Essentials course
Module 1
Damage Types
Learn about the 11 types of damages you may find in commercial contracts and strategies for mastering the confusing terminology in LOL provisions. (18 minutes)
Module 2
Core Concepts & Strategy
Dive into how limitation of liability provisions work with other contract remedies, with insights into pro-buyer and pro-seller positions and traps. (16 minutes)
Module 3
Consequential Damage Waivers
Explore the eight core parts of consequential damage waivers, including red-flag introductory language, who releases and who gets released, damage categories like lost profits, and the nexus wording that defines a waiver's scope. (26 minutes)
Module 4
Maximum Liability Cap
Understand how variable, fixed, and hybrid liability caps work, with practical guidance on paid versus payable wording, payment cadence, exclusions and super caps, and coordinating your cap with the indemnification provisions. (17 minutes)
Module 5
LOL Pitfalls
Learn about the five ways that limitation of liability provisions go wrong and how you can structure the provision to avoid these mistakes. (7 minutes)
Module 6
Practical Applications
Explore real-world situations and practical solutions and strategies in this comprehensive Q&A from live limitation of liability training sessions (50 minutes)
Here's a detailed agenda on everything included in this course
01 Introduction and Agenda
Course Workbook 23 Pages
Introduction and Agenda 05:10
02 Damages Types and Strategy
Direct Damages and Foundational Definitions 09:22
Indirect, Consequential, and Incidental Damages 16:02
Developing Your Limitation of Liability Strategy 03:52
Quick Learning Check 4 questions
03 Consequential Damages Waiver
Consequential Damages Waivers_ Core Concepts 14:34
Consequential Damages_ Description and Nexus 11:44
Quick Learning Check 2 questions
04 Maximum Liability Cap
Maximum Liability Caps 17:27
Quick Learning Check 2 questions
05 Common Pitfalls and Special Topics
Common Pitfalls 10:07
Special Topics 14:41
06 Course Completion Steps
Course Evaluation 3 questions
When the activities are complete, claim your Certificate of Completion
Meet Laura Frederick, How to Contract's Founder
She's a contract expert whom lawyers & professionals turn to for real-world training.
Laura spent more than 25 years practicing law around the world, leading commercial deals at Fortune 500 companies like Tesla and international law firms like Morrison Foerster. Since launching How to Contract in 2021, she's delivered hundreds of hours of training to thousands of lawyers and professionals worldwide.
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