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1. Cover Your Ass statement.
2. A clause written into a legal document meant to protect some or all of the signers from litigation due to breach or other problem.
"Our faucet broke again, there's water everywhere and my computer's wrecked. I'm seriously suing the landlord for this one." -- "Dude, didn't you read the contract? There's a CYA statement saying he's not responsible for damage to personal property in the apartment."
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