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What is a limitation of liability? A limitation of liability clause in a contract limits the amount of money or damages that one party can recover from another party for breaches or performance failures.
Limitation of Liability of the Investment Adviser The Investment Adviser shall not be liable for any error of judgment or mistake of law or for any loss arising out of any investment or for any act or omission in the management of the Fund, except for willful misfeasance, bad faith or gross negligence in the ...
The limitation of liability clause should outline the following details: The maximum amount for which one party can be held liable to the other in case of any claims or damages. This amount can be a fixed dollar amount or a multiple of the advisor's fee. Advisory Agreement Review: Everything You Should Know contractscounsel.com ? advisory-agreement-... contractscounsel.com ? advisory-agreement-...
An advisor agreement is a legal document used between a company and an advisor they have hired. The legal agreements outlines the expectations and obligation between the two parties, including the role and responsibilities of the advisor, their compensation, confidentiality, and assignment of work. Advisor Agreement: Definition & Sample - Contracts Counsel contractscounsel.com ? advisor-agreement contractscounsel.com ? advisor-agreement