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7. INDEMNIFICATION
Respondent shall indemnify and hold harmless the Claimant from any loss, liability, or claim arising from prior activities.
The Respondent agrees to pay the Claimant the sum of $485,000…
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4. LIMITATION OF LIABILITY
Neither party shall be liable for any indirect, incidental,
or consequential damages arising under this Agreement.
The aggregate liability of either party shall not exceed[X].
The parties agree that this limitation reflects a reasonable allocation of risk under this Agreement.
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7. INDEMNIFICATION
Respondent shall indemnify and hold harmless the Claimant from any loss, liability, or claim arising from activities prior to the Effective Date. O'Brien §7.2
The Respondent agrees to pay the Claimant the sum of $485,000 (four hundred and eighty-five thousand dollars), payable within 30 days of execution of this deed.
8. GOVERNING LAW — This agreement is governed by the laws of New South Wales…
O'Brien v Hartley
2019 · §7.2
7. INDEMNIFICATION
7.1 Each party shall bear its own costs arising under this deed.
7.2 The Respondent shall not be
liable for any loss arising from
activities prior to 1 Jan 2019.
7.3 This clause survives termination of the agreement.