Contracts
What is an exculpatory clause in a real estate contract or lease?
AA clause requiring arbitration
BA clause attempting to exempt one party from liability for their own negligence or wrongdoing✓ Correct
CAn exclusivity clause
DA clause that extends the contract period
Explanation
An exculpatory clause attempts to excuse one party from liability (often the landlord or seller) for their own acts or omissions. Ohio courts may enforce reasonable exculpatory clauses but will void those that are against public policy.
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