The three main types of exclusion clauses include: those which exclude liability altogether; those which limit a party's liability to a specific sum of money; and those which restrict the liability subject to certain preconditions.

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Victoria University

Graduate School of Business

Case Study Assignment

Exclusion Clauses

BLO 5537

Business Law

Lecturer:

Dr Michael Longo

Compiled by:

N. C. J. Fernandes

ID : 3762112

TABLE OF CONTENTS

Introduction ............................................................................... 3

Incorporating An Exclusion ................................................................ 3

Interpretation Of An Exclusion ............................................................ 4

Court Decisions .............................................................................. 6

Statute Laws .................................................................................. 8

Contradictions ................................................................................ 10

Conclusion .................................................................................... 11

References ................................................................................... 14

INTRODUCTION

In the world of contracts, not all people are ready to accept full contractual responsibility in the event of a breach on their part. Thus 'exclusion' clauses are commonly inserted to reduce the party's law liabilities. A party might, for example, wish to make it clear that some of the implied statutory terms are not to be part of the contract, or that it's liability in damages are not to exceed a prescribed value. These clauses may provide a defense to an action in breach; or define the intended obligations of the party. The freedom of contract makes these clauses perfectly legitimate under applicable conditions. It also allows for a party to exclude their legal obligations