Dear learned Friends,
In a Contract for Construction of Project Work Company has terminated the Contract as per the provisions and rights granted to them under the contract and, now Contractor wants to Claim his anticipated Loss and damages.
There is one Clause for Termination of Contract at Company's Convenience and another clause for such termination, company shall not be liable for damages or loss of anticipated profits and Governing Law of the Contract is Law of England & Wales as below:
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Termination at Company’s Convenience
The Company, however, shall not be liable for any damage or loss of anticipated profits on the part of Contractor on account of such termination.
Governing Law:
This Contract shall be governed by, construed and determined in accordance with the laws and regulations of England and Wales.
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What is the validity of such type of Contracts...?
it is clearly mentioned by a separate clause about damages and claims, as contractor is not having any right and Company is not liable on such termination.
Even then, can Contractor claim for Consequential loss and damages or anticipated profits...?