exculpatory

exculpatory definition - business

exculpatory

  1. Of or relating to a clause in a contract that relieves one party of liability in the event of wrongdoing.
  2. In law, of or relating to evidence that clears a person of wrongdoing.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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