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Checklist - Liability Clause

A guide to the key issues in a liability clause

The Problem

You need to know what to look for when reviewing this type of clause in the agreements you are reviewing.

Related challenges include: 

  • the business complains if a contract review takes too long
  • having legal counsel review every contract is not feasible from a time or cost perspective
  • conducting each review of every contract to a common standard is almost impossible
  • even the best people have an off day and miss things
  • non-lawyers / junior lawyers can take a long time to train in reviewing compliance issues
  • you want contract reviews performed to a common standard
  • you need to empower your business to do more for itself
  • you do not have a checklist which explains what can and what cannot be agreed
  • the problem increases when using 3rd party paper

The web has lots of checklists – but are they any good?

The GLS Solution

GLS Checklists™ flag the key issues you need to be aware of in a wide range of commercial agreement so you can be confident in the agreement that you are reviewing/signing.  

This checklist is for limitations and exclusions of liability provisions - one of the most important area of your standard commercial contracts.

Useful to both legal teams and lay-persons, this GLS Checklist™ flags what is important and/or unique in this clause type, and includes a brief explanation as to why.

GLS Checklists™ flag what is a truly “material” risk area and what is not – allowing you to conduct an efficient and proportionate review.  

There are plenty of checklists found on the Web but few are regularly maintained by a legal services group dedicated to empowering you to achieve more yourself.

Problem solved.

GLS RPLV Legal Operations Score

This solution’s GLS RPLV impact score:

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Resource Status: Specialist Repeater Formative
Ease of Implementation: Complex Average Easy
Value Demonstration/Visibility: Low Medium High
Productivity Leverage Profile: Low Medium High
IHL Line Optimisation: Single Multiple All Lines

IHL Critical Function Optimisation Targets

This solution enhances performance across the following critical in-house functions:

In-House Legal: Critical Functions / Processes

Contracting

Legal Tech

Managed Service

Knowledge

GLS has identified 15 critical in-house processes/functions that are present in every world-class legal department. To learn what these functions are, their composition and how they interrelate to deliver efficient legal team performance outcomes - visit here.

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