Maryland Statutes

§ 22-804

Maryland·Article gcl Commercial Law·Title 22
(a)Damages for breach of contract by either party may be liquidated by agreement in an amount that is reasonable in light of:
(1)The loss anticipated at the time of contracting;
(2)The actual loss; or
(3)The actual or anticipated difficulties of proving loss in the event of breach.
(b)If a term liquidating damages is unenforceable under this subsection, the aggrieved party may pursue the remedies provided in this title, except as limited by other terms of the contract.
(c)If a party justifiably withholds delivery of copies because of the other party’s breach of contract, the party in breach is entitled to restitution for any amount by which the sum of the payments it made for the copies exceeds the amount of the liquidated damage

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Nearby Sections

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§ 22-101
§ 22-101
§ 22-102
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§ 22-103
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§ 22-201
§ 22-201
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