A limitation-of-liability clause in a contract limits the period of time within which an action for breach can be brought.

Name: A limitation-of-liability clause in a contract limits the period of time within which an action for breach can be brought.
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A limitation-of-liability clause restricts the amount or type of damages one party can recover from another, not the time period for bringing a lawsuit. The time period is typically governed by a statute of limitations.

A Limitation-Of-Liability Clause in a Contract Limits the Period of Time