Colorado § 7-58-704 Remedies for breach of contract

Colorado Statutes

§ 7-58-704 — Remedies for breach of contract

Colorado·Title 07 Corporations·Art. Uniform Limited Cooperative Association Act

(1)Damages to be paid to a limited cooperative association for breach or anticipatory repudiation of a marketing contract may be liquidated, but only at an amount or under a formula that is reasonable in light of the actual or anticipated harm caused by the breach or repudiation. A provision that so provides is not a penalty.

(2)Upon a breach of a marketing contract, whether by anticipatory repudiation or otherwise, a limited cooperative association may seek:

(a)An injunction to prevent further breach; and

(b)Specific performance.

(3)The remedies in this section are in addition to any other remedies available to an association under law other than this part 7.

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(1) Damages to be paid to a
limited cooperative association for breach or anticipatory repudiation of a
marketing contract may be liquidated, but only at an amount or under a formula
that is reasonable in light of the actual or anticipated harm caused by the breach or
repudiation. A provision that so provides is not a penalty.

(2) Upon a breach of a marketing contract, whether by anticipatory
repudiation or otherwise, a limited cooperative association may seek:

(a) An injunction to prevent further breach; and

(b) Specific performance.

(3) The remedies in this section are in addition to any other remedies
available to an association under law other than this part 7.

Colorado § 7-58-704 (Remedies for breach of contract) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.