Exemption clauses

Clauses in an agreement that try to restrict the liability of the party that writes them. These are split into exclusion clauses that try to exclude liability completely for specified outcomes and limitation clauses that try to set a maximum on the amount of damages the party may have to pay if there is a failure of some part of the agreement. Exemption clauses are regulated very strictly in consumer dealings but these don't apply for those who deal in the course of their business.