Article
Limiting Liability For Duties Of Good Faith: California Dreamin'?
Limitation of liability clauses are a common feature of commercial agreements in Canada. Parties frequently include such provisions in an effort to allocate risk, often by excluding monetary liability for losses of certain types (e.g., consequential or indirect damages), while capping monetary liability for remaining losses to certain amounts (e.g., the price which the contract-breaker was paid under the contract).
McCarthy Tétrault