Egzoneracione klauzule u srpskom pravu

The author analyses approach of Serbian applicable law in terms of the clauses used for excluding or limiting contractual liability (exoneration clauses). The introductory part of the paper defnes exoneration clauses and presents their advantages as well as the risks they might cause. The following part presents their historical development, which shows that the legislator did not always look favourably on the possibility to exclude or limit the contractual liability. Since the applicable law allows the possibility of contracting exoneration clauses, but with certain limitations, the main part of the paper is dedicated to the analysis of the prescribed limitations. The author tries to offer solutions to theoretical and practical problems regarding the (in)validity of exoneration clauses.