Colorado § 4-2.5-503 Modification or impairment of rights and remedies

Colorado Statutes

§ 4-2.5-503 — Modification or impairment of rights and remedies

Colorado § 4-2.5-503

Title 04Uniform

Art.Leases

This text of Colorado § 4-2.5-503 (Modification or impairment of rights and remedies) is published on Counsel Stack Legal Research, covering Colorado primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Colo. Rev. Stat. § 4-2.5-503 (2026).

Text

(1)Except as otherwise provided in this article, the lease agreement may include rights and remedies for default in addition to or in substitution for those provided in this article and may limit or alter the measure of damages recoverable under this article.

(2)Resort to a remedy provided under this article or in the lease agreement is optional unless the remedy is expressly agreed to be exclusive. If circumstances cause an exclusive or limited remedy to fail of its essential purpose, or provision for an exclusive remedy is unconscionable, remedy may be had as provided in this article.

(3)Consequential damages may be liquidated under section 4-2.5-504, or may otherwise be limited, altered, or excluded unless the limitation, alteration, or exclusion is unconscionable. Limitat

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(1) Except
as otherwise provided in this article, the lease agreement may include rights and
remedies for default in addition to or in substitution for those provided in this article
and may limit or alter the measure of damages recoverable under this article.

(2) Resort to a remedy provided under this article or in the lease agreement
is optional unless the remedy is expressly agreed to be exclusive. If circumstances
cause an exclusive or limited remedy to fail of its essential purpose, or provision for
an exclusive remedy is unconscionable, remedy may be had as provided in this
article.

(3) Consequential damages may be liquidated under section 4-2.5-504, or
may otherwise be limited, altered, or excluded unless the limitation, alteration, or
exclusion is unconscionable. Limitation, alteration, or exclusion of consequential
damages for injury to the person in the case of consumer goods is prima facie
unconscionable but limitation, alteration, or exclusion of damages where the loss is
commercial is not prima facie unconscionable.

(4) Rights and remedies on default by the lessor or the lessee with respect to
any obligation or promise collateral or ancillary to the lease contract are not
impaired by this article.