limitation of liability
noun[CorU]
LAWukusplurallimitations of liabilityarulethatcontrolsorreducessomeone'slegalandfinancialresponsibilityfor aproblem, such asdamage, adebt, or amistake:
Limitation ofliabilityclausesprotecttheequipmentmanufacturerif there's anaccidentduringtraining.