General Cap Amount

Common Paper Professional Services Agreement term: General Cap Amount

Mark Frantz avatar
Written by Mark Frantz
Updated over a week ago

General Cap Amount is a variable that appears in the Professional Services Agreement Cover Page, in the Key Terms section. This section is for your agreements' key legal terms.

How to fill this out

If you or your customer doesn’t follow the terms of this agreement, what should the maximum amount of damages, or amount you or they can be sued for, be?

Default: 1x the fees paid or payable by Customer to Provider in the 12 month period immediately before the claim

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