Liability
Limitation of Liability Playbook for Commercial Contracts
Samrudhii Garnaik, Legal Knowledge Engineer — Agiloft
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ABOUT THIS SCREEN
Designed For:
This screen is designed for users reviewing limitation of liability (LoL) provisions in commercial agreements.
Purpose:
This screen identifies 6 standards and 8 targeted questions designed to support benchmarking, risk assessment, and negotiation of limitation of liability clauses. The standards and questions focus on evaluating liability caps, exclusions, carve-outs, and the overall allocation of risk between the parties.
Limitations, Assumptions, Details:
Details regarding specific standards and questions are included in the User Guidance.
Standards and questions are assigned a default Risk Level = High.
ABOUT THE AUTHOR
Samrudhii Garnaik
Samrudhii Garnaik is a Legal Knowledge Engineer at Agiloft, where she blends over 6 years of corporate and transactional legal expertise with technology to advance the company’s AI-driven Contract Lifecycle Management (CLM) platform. At Agiloft, she works closely with AI and product teams to convert complex legal concepts into structured, machine-readable frameworks, enabling innovations in contract review, redlining, and legal process automation.
Prior to Agiloft, Samrudhii worked with Gilbert + Tobin (through Elevate Law) as a Due Diligence Specialist, conducting high-value due diligence for IPOs and acquisitions across industries and with JV Ventures, where she led negotiations, structured investment deals, and managed compliance for large-scale corporate transactions.
With a background spanning M&A, private equity, contract drafting, and legal process optimization, she has developed deep expertise in cross-border transactions, deal structuring, playbook development, and legal workflow automations.
LinkedIn: www.linkedin.com/in/samrudhiigarnaik97/