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

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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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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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