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Message: <blockquote data-quote="Tinakho99" data-source="post: 129801" data-attributes="member: 14682">In Clause 7, note the phrase, 'The Seller’s liability under the warranties and indemnities shall be subject to limitations.' Suppose you were the lawyers acting for the Seller, what could you do to limit the Seller's liabilities? Why is this important?You could limit the Seller's liabilities by including a time frame, for instance, the Seller won't be liable for incidents which occurred 1 year ago, etc. You could also limit liabilities by providing a list of areas in which the Seller's liability is excluded. Limiting the Seller's liabilities is important because it narrows the scope of the Seller's potential liabilities. The more the Seller is liable for, the more money it may have to pay.</blockquote>

Verification: Our company is called, "The Corporate ___ Academy". What is the missing word here?

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