A disclaimer is a declaration which apprises the user about the possible consequences of any product or service. As per the law it is compulsory to show a disclaimer in some cases where the product or service pose a serious health threat to individuals, for example, the warnings displayed on cigarettes is a disclaimer.
A disclaimer helps in setting a clear limit of one’s rights and liabilities specially for the users of a particular product or service. It is used in situations which posses some risk .
Advantages of a Disclaimer
Reduces Risk: A nicely-drafted disclaimer reduces Confusions thereby reducing legal risks. A Disclaimer can safeguard the rights of both parties in any legally identified relationship . A well-drafted disclaimer can go a long way in evading ambiguity and reducing legal risks.
Limits Liability: Certain element of risk or confusion in a particular situation requires usage of a disclaimer . A clearly drafted disclaimer provides an outline of rights and responsibilities of both parties in such cases.