Document background
The No Liabilities Agreement is essential in business relationships where parties seek to clearly define and limit their potential liability exposure while operating under German law. This document is particularly valuable in professional services, technology deployment, manufacturing, and other business activities where risk management is crucial. The agreement must be carefully structured to comply with German legal requirements, particularly the Civil Code (BGB) provisions regarding liability limitations. While it aims to exclude or limit certain liabilities, it must acknowledge that under German law, some liabilities cannot be completely excluded, such as those arising from intentional acts or gross negligence. The document typically includes comprehensive details about the scope of activities covered, specific exclusions, and permitted liability, making it a crucial tool for risk management in business operations.
