• US Legal Forms

Exculpatory

State:
Multi-State
Control #:
US-02763BG
Format:
Word; 
Rich Text
Instant download

Description Provision Deficiency

In general, an exculpatory clause is a clause that eliminates a partys liability for damages caused by a breach of contract. A common type of exculpatory clause involves limiting liability on a loan to the collateral. In other words, if there is a default, the contract says that the damages will be limited to execution on the collateral (i.e., foreclosure on the property covered by the mortgage or deed of trust).

How to fill out Exculpatory Clause Agreement?

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Exculpatory