I am reading a document, and it is confusing me and want to be certain of the meaning of this sentence:
OUR COMPANY'S TOTAL LIABILITY TO YOU FOR ACTUAL DAMAGES FOR ANY CAUSE WHATSOEVER WILL BE LIMITED TO THE GREATER OF $500 OR THE AMOUNT PAID BY YOU FOR THE SOFTWARE THAT CAUSED SUCH DAMAGE.
If the amount paid for the software equals to $200, then the greater will be $500 ?
and If the amount paid for the software equals to $700, then the greater will be $700 ?
Or is it the opposite?
Lets say I want to reword the sentence to be:
... Limited to the greater of $500 or %25 of the amount paid by you for ...
Any thing grammatically wrong with that?