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单词 limitation of liability
释义

limitation of liability

Definitions
1. General: Written statement that serves as a disclaimer to limit conditions or instances under which the disclaiming party may be held liable for loss or damages.
2. Memorandum of association: Clause that specifically states that the liability of each shareholder for the firm's debts and obligations is limited to the par value of his or her fully paidup shares.
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更新时间:2025/4/16 19:41:25