Document background
The No Liabilities Agreement serves as a critical risk management tool in various business and professional contexts under Indian jurisdiction. This document is typically employed when parties need to clearly define and limit their liability exposure in specific activities or services, while ensuring compliance with Indian legal requirements. It becomes particularly relevant in scenarios involving high-risk activities, professional services, or situations where clear liability boundaries need to be established. The agreement must carefully balance the parties' interests while respecting mandatory legal provisions under Indian law that cannot be waived, such as those relating to gross negligence or willful misconduct. The document typically includes detailed sections on scope, specific exclusions, and procedural requirements to ensure enforceability within the Indian legal system.
