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7th Circuit: No Need for Specificity in Contract Dispute Liability Cap

WP Admin | May 31st, 2013

This week we discuss the 7th Circuit decision SAMS Hotel Group, LLC v. Environs, Inc. which found that, at least between two sophisticated parties, a liability cap in a contract dispute is enforceable even without specifying its application to defendant’s own negligence. The result capped the claim at $70,000 and prevented the plaintiff from seeking the full $4.2 Million in damages.

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Featured Post

Indiana Court of Appeals: Residential Insurance Policy Requiring Claim Against Insurer be Filed in Under 2 Years is Void

WP Admin | Feb 22nd, 2013

This week we discuss the major Indiana Court of Appeals decision, which found that not only is an insurance policy’s limitation for bringing a suit against the insurer to less than the statutory period set forth by statute void, but that the limitation period is not then the minimal period that could have been agreed upon but rather the full statutory period for breach of contract actions.

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