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Ohio Punitive Damages Cap For these defendants, the punitive damages cannot exceed 10% of their net worth up to $350,000 even if twice the amount of compensatory damages is more than that. Attorney fees awarded for a punitive damage claim do not count against the capped amount.

Ohio law consists of the Ohio Constitution, the Ohio Revised Code and the Ohio Administrative Code. The Constitution is the state's highest law superseding all others. The Revised Code is the codified law of the state while the Administrative Code is a compilation of administrative rules adopted by state agencies.

(1) In a tort action in which the trier of fact determines that two or more persons proximately caused the same injury or loss to person or property or the same wrongful death and in which the trier of fact determines that more than fifty per cent of the tortious conduct is attributable to one defendant, that defendant ...

This limitation of liability clause template may be used in a commercial agreement governed by Ohio law. This clause manages risks and potential liability by capping the amount and/or limiting the type of damages recoverable in the event a claim is made against one of the parties to the contract.

What is a Limitation of Liability clause? A limitation of liability (LOL) clause limits the dollar amount and types of damages owed between contracting parties. They apply no matter the sustained harm or actual damage amount.

Ohio's product liability statute of limitations is two years from the date on which the cause of action accrues. A plaintiff must file product liability suits brought under strict liability or negligence within two years after the cause of action accrues.

(B) If a claimant is unable because the manufacturer's product in question was destroyed to establish by direct evidence that the manufacturer's product in question was defective or if a claimant otherwise is unable to establish by direct evidence that the manufacturer's product in question was defective, then, ...

A supplier is subject to liability for such a representation and the failure to conform to it even though the supplier did not act fraudulently, recklessly, or negligently in making the representation.

(A) An action for breach of any contract for sale must be commenced within four years after the cause of action has accrued. By the original agreement the parties may reduce the period of limitation to not less than one year but may not extend it.