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Từ vựng:

cap on total liability

Giải nghĩa:

/kæp ɒn ˈtoʊtəl ˌlaɪəˈbɪləti/ – Phrase


Definition: Hạn chế trách nhiệm tổng cộng.

A more thorough explanation: a maximum limit placed on the liability of a party, thus limiting its risk

Example: It was important for the distributor that a cap be imposed on its total liability under the agreement.