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Limited Liability Agreement Template for Ireland

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Key Requirements PROMPT example:

Limited Liability Agreement

"I need a Limited Liability Agreement for my software development company based in Dublin, providing cloud services to financial institutions, with a liability cap of €5 million and specific provisions for data protection and cybersecurity risks, to be effective from March 2025."

Document background
The Limited Liability Agreement is essential for businesses operating in Ireland who wish to clearly define and limit their potential liability exposure in commercial relationships. This document type is particularly crucial for service providers, manufacturers, and professional services firms who need to manage their risk while maintaining compliance with Irish law. The agreement typically includes specific liability caps, exclusions, and indemnification provisions, alongside insurance requirements and regulatory compliance measures. It is designed to provide clear risk allocation while remaining enforceable under Irish legislation, including the Companies Act 2014 and relevant EU regulations. The document is adaptable to various business contexts while maintaining core provisions for liability limitation and risk management.
Suggested Sections

1. Parties: Identifies and defines all parties to the agreement, including their registered addresses and company details

2. Background: Sets out the context and purpose of the agreement, including the business relationship between the parties

3. Definitions and Interpretation: Defines key terms used throughout the agreement and establishes rules of interpretation

4. Scope of Agreement: Defines the specific activities, services, or relationship covered by the liability limitations

5. Limitation of Liability: Core section detailing the specific limitations of liability, including caps, exclusions, and carve-outs

6. Indemnification: Sets out mutual or unilateral indemnification obligations and their scope

7. Insurance Requirements: Specifies required insurance coverage and minimum limits

8. Duration and Termination: Establishes the term of the agreement and circumstances for termination

9. Governing Law and Jurisdiction: Specifies Irish law as governing law and establishes jurisdiction for disputes

10. General Provisions: Standard boilerplate clauses including severability, entire agreement, and amendments

Optional Sections

1. Confidentiality: Required when parties will exchange confidential information during their business relationship

2. Data Protection: Necessary when personal data will be processed under the agreement

3. Force Majeure: Included when parties want to address liability during extraordinary events beyond their control

4. Intellectual Property: Required when IP rights are relevant to the business relationship

5. Assignment and Subcontracting: Include when parties need flexibility to transfer rights or delegate obligations

6. Dispute Resolution: Optional alternative dispute resolution procedures before court litigation

7. Regulatory Compliance: Required for regulated industries or activities

8. Notice Provisions: Detailed notice requirements for formal communications between parties

Suggested Schedules

1. Schedule 1 - Services Description: Detailed description of services or activities covered by the liability limitation

2. Schedule 2 - Liability Caps: Specific financial caps and limitations for different types of liability

3. Schedule 3 - Insurance Requirements: Detailed insurance requirements including types of coverage and minimum limits

4. Schedule 4 - Key Personnel: List of key personnel responsible for managing the relationship if applicable

5. Appendix A - Notice Details: Contact information and procedures for formal notices

6. Appendix B - Parent Company Guarantee: If applicable, guarantee from parent company regarding liability obligations

7. Appendix C - Service Levels: Performance standards and related liability provisions if applicable

8. Appendix D - Compliance Requirements: Specific regulatory or compliance requirements affecting liability

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓÆµ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions














































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Relevant Industries

Information Technology

Professional Services

Manufacturing

Construction

Healthcare

Financial Services

Transportation and Logistics

Retail

Energy

Telecommunications

Consulting

Software Development

Engineering

Real Estate

Relevant Teams

Legal

Risk Management

Compliance

Commercial

Operations

Finance

Procurement

Business Development

Contract Management

Corporate Governance

Relevant Roles

Legal Counsel

Risk Manager

Compliance Officer

Contract Manager

Chief Legal Officer

Business Development Manager

Commercial Director

Operations Manager

Project Manager

Chief Financial Officer

Procurement Manager

General Counsel

Company Secretary

Chief Risk Officer

Chief Operating Officer

Industries








Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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