varúðarskilmála
Varúðarskilmálar is an Icelandic term that translates to "precautionary terms" or "terms of caution" in English. It refers to specific conditions or stipulations that are included in a contract, agreement, or legal document to mitigate potential risks or to clearly outline responsibilities in situations where uncertainty exists. These terms are designed to protect the parties involved by anticipating possible future events or circumstances and defining how they should be handled.
In practice, varúðarskilmálar can manifest in various ways. They might involve requirements for certain disclosures, warranties,
The primary purpose of varúðarskilmálar is to promote clarity and predictability. By explicitly stating potential risks