Haftungsbeschränkung
Haftungsbeschränkung, a German legal term, translates to "limitation of liability." It refers to clauses or legal provisions that restrict or exclude the liability of a party for damages. Such limitations are common in contracts, particularly in business-to-business transactions, and can also be found in certain statutory provisions. The purpose of Haftungsbeschränkung is to allocate risk and to provide legal certainty for parties involved in an agreement.
The effectiveness and scope of Haftungsbeschränkung are subject to strict legal review. In German law, particularly