VIJAYNARAYAN (FREELANCE EDU CONSULTANT) 04 May 2010
LIBBILITY CLAIM MORE THAN CONTRACT VALUE - IS IT TENABLE / LEGAL
continuing on this
my present contract is silent on any Liability limits, i.e there is NO CLAUSE ON LIABILITY
NOW say in case of any dispute , can the other party PUT A CLAIM which is more than the contarct value OR i.e the amount I am eligible to earn thru the Contarct
Rajeev (Company Secretary) 04 May 2010
Dear Mr. Vijaynarayan,
Yes, other party may claim damages more than the Contract value, and, moreover, it depends upon the nature of Contract and extent of loss incurred by the other party. But, Legally, he can claim more amount than the contract value, if the contract is silent on the damamges part and he proves that his loss is irreparable loss and much more than the contract value.
Bst. Rgds.
Rajeev
VIJAYNARAYAN (FREELANCE EDU CONSULTANT) 04 May 2010
Dear Mr.Rajesh
Thanks for the response.
I do have a soft point here , i.e the other party has to PROVE his damages which will again take a DISPUTED ROUTE
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