National giant in bid to cap liability on all transactions; others set to follow
February 04, 2004 at 07:03 PM
1 minute read
The original version of this story was published on Legalweek
Eversheds has begun to agree limits on future negligence claims for individual deals, it has emerged, in a contentious move that is bound to be closely watched by the national giant’s legal rivals.
The ground-breaking move sees the firm attempt to cap its liability for individual transactions by adding a clause into its standard terms of engagement letter that limits compensation in the event of a negligence claim.
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