The boundaries of limitation of liability and indemnity clauses constitute an important longlasting debate in private … law. In Civil Law countries, they find their origin in the banning of the agreement to waive liability for future willful …

regarded as distinct species of civil liability. A tort is an act or omission that is marked by fault - either intention or … negligence. There are also a few strict liability torts - where fault is not required - but they are rare. The damage for which … financial losses included. Pure economic loss remains an exception.Contract is not fault-based. Liability rests on a finding …