In general data liabilities refer to potential damages in relation to data characteristics (reliability and veracity promised, periodicity and velocity) and the stage in the process of data exploitation. for example in relation to quality of data, data, security breaches, delivery, data analytics misuse or misrepresentation, loss of stored data, access or retrieval of data, etc. In addition, the failure to follow and fulfill contractual obligations outlined in a given contract might lead to liabilities (see next section on industrial contract types for an outline).
Example of Liability Clause: Except in respect of death or personal injury caused by the Supplier’s negligence, the Supplier shall not be liable to the Customer by reason of any representation (unless fraudulent), or any implied warranty, condition or other Term, for any loss of profit or any indirect, special or consequential loss or damage (whether caused by the negligence of the Supplier, its servants or agents or otherwise) in relation to the supply of the Goods (or any failure to supply them) or their resale by the Customer, or otherwise arising out of or in connection with the agreement.