/lɪmɪˈteɪʃən ʌv laɪəˈbɪləti klɔz/ – Phrase
Definition: Giới hạn trách nhiệm.
A more thorough explanation: a clause in a contract that caps (=limits; restricts) the amount of money a breached party can claim in court
Example: Never use limitation of liability clauses as an excuse to do bad work. It is unethical and is bad for business.