A clause in a contract that specifies the amount of damages due from a breach is a limitation of liability clause.

Name: A clause in a contract that specifies the amount of damages due from a breach is a limitation of liability clause.
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A clause in a contract that specifies the amount of damages due from a breach is known as a liquidated damages clause, not a limitation of liability clause. A limitation of liability clause limits the amount one party has to pay the other if they breach the contract.

A Clause in a Contract That Specifies the Amount of Damages