Posted on 09.24.24

Limitation of Liability: What Is It? Why Is It Beneficial?

Source: https://www.oswaldcompanies.com/, August 24, 2024
By: Tim Shumrick

Disaster strikes. A design flaw becomes apparent during construction administration. Tempers flare between a design professional on the project and the project owner. Exasperated over the prospect of rework, a pushed-back schedule, and general disruption to project progress, the project owner files a claim against the design professional with a demand for significant economic damages.

Enter the Limitation of Liability (LOL) clause. Read more.

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