„Exculpatory Clause“

1. A contractual clause that releases one party from liability in case of wrong doing by the other party involved.

2. A contractual clause which excuses a trustee from liability where he executes a power in good faith.

“Cheshire, Fifoot & Furmston’s Law of Contract,” 16th Edition, Oxford University Press, 2012, pages 231-235.

“The Trustee Act 2000: A Practical Guide,” by Trevor M. Aldridge, Sweet & Maxwell, 2002, pages 45-50.