Contract Central

Most Favored Nation Clause

Most favored nation clauses are contract provisions that require that a party must receive rights and benefits under the contract that are equal to or more favorable than the rights and benefits received by any other parties.

Liquidated Damages Clause

A liquidated damages clause is a contractual provision that establishes a predetermined damages estimate for certain breaches of contract.

Limitation of Liability Clause

A limitation of liability clause sets the boundaries of a party’s financial liability when defects in its performance cause another party to experience losses.

Licence Grant Clause

A license grant clause is a contractual provision that establishes one party’s consent to another’s use of its intellectual property subject to certain conditions.


The end of LIBOR is a monumental shift in the world of finance, requiring evaluation and remediation of contracts and other documents on an unprecedented scale.

Insurance Clause

An insurance clause is a contractual provision that establishes what insurance one or more parties must procure in connection with an agreement.

Inflation Adjustment Clause

An inflation adjustment clause is a contractual provision that requires certain amounts to be adjusted periodically to track changes in inflation.

Indemnification Clause

An indemnification clause is a provision in a contract that establishes when and to what extent one party will assume liability for the losses of another.

Force Majeure Clause

A force majeure clause is a contractual provision that establishes what happens to performance under the contract if a “force majeure” event occurs. “Force majeure” events are events beyond the parties’ control, such as accidents, acts of war or terrorism, civil or military disturbances, and nuclear or natural catastrophes or acts of God.