The exclusion clause limits some rights to the contract parties. Some of the most important ways to limit liability to contracts include listing specific types of losses that parties may not be liable for and requiring that the contract should have the whole agreement of the parties involved. Limitation clauses can also be used to set limits on the amount of damages that the contract parties can be liable for excluding particular remedies that may be available to the party that would not have breached the contract.
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The effect of exclusion and limitation clauses would be that the parties may decide to renegotiate new terms and conditions to the contract or to terminate the contract. The vendor or the seller may use exclusion and limitation clauses due to unexpected costs emerging, need to increase or decrease the timeline of the project due to unforeseen circumstances, or receiving insufficient input from the customer around objectives. Additional unforeseen circumstances may cause need to use the clauses such as a natural disaster or change in availability of materials or increase or decrease in prices.