Hi AJ, that is interesting and a bit surprising i.e. that excluding losses does not exclude 'losses of profit'. Can you give an example to make this clearer?
In terms of our research, this might include, say, 'market research' to look at opportunities for a particular product in a selection of countries i.e. which countries would be the most attractive. In general we focus in the areas of procurement, strategy and financial research.
Yes, your final sentence is correct and we also, whenever possible to include, have a standard clause making it clear that all decisions are for them to make at their own risk. It still seems odd that there can be a 'loss' that is neither direct or indirect!
OK, understood and thanks.