contract that has exculpatory clause example
An exculpatory clause is language in an agreement which relieves one or both parties from liability under certain conditions. A common example is a parking lot ticket stub that states that the parking lot owner is not responsible for theft or damage to the vehicle.Exculpatory clauses are not automatically enforced by courts and can be voided if determined to be unreasonable or if parties to the contract did not have equal bargaining power. common example is a parking lot ticket stub that states that the parking lot owner is not responsible for theft or damage to the vehicle. Exculpatory clauses are not automatically enforced by courts and can be voided if determined to be unreasonable or if parties to the contract did not have equal bargaining power.