What is the importance of the inclusion of a maximum Limit of Liability clause in a surveying contract?

Question

Quizplus · Accepted Answer

It is important to include a maximum Limit of Liability clause that establishes a reasonable limit of liability for claims arising out of services under the contract. An example of a Limit of Liability clause that provides a reasonable limit of liability is as follows:
"It is understood that the total liability of Acme Surveyors for any claims arising out of the services performed under this agreement shall be limited to a maximum of the net fee received by Acme Surveyors, not including reimbursable sub-consultant fees and expenses."

What Is the Importance of the Inclusion of a Maximum