What is lol and super cap, indemnity clause and imp clause in MSA

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LOL stands for Limitation of Liability, Super Cap is a maximum liability limit, Indemnity clause outlines responsibilities in case of damages, Imp clause refers to important clauses in a Master Service Agreement (MSA).

LOL (Limitation of Liability) restricts the amount a party can be liable for in case of breach or damages.
Super Cap is a maximum limit on liability that a party can be held accountable for.
Indemnity clause specifies the responsibilities of each party in case of damages or losses.
Imp clause refers to important clauses in a Master Service Agreement that are crucial for understanding the terms and conditions of the agreement.

What is lol and super cap, indemnity clause and imp clause in MSA

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