Exculpatory clause

{
  "id": "MLC-T-INS-001385",
  "term": "Exculpatory clause",
  "field": "Insurance and risk management",
  "definition": "A contractual provision that attempts to relieve one party from liability for damages caused to the other party, even if those damages arise from negligence. In insurance contexts, these clauses are often found in waivers or agreements and seek to limit the legal responsibility of the party drafting the clause. Their enforceability varies significantly by jurisdiction and the specific circumstances.",
  "url": "https://mlchart.com/terminology/insurance/exculpatory-clause/"
}