New Mexico Statutes
§ 24A-4-4 — Liquidated damages
New Mexico § 24A-4-4
This text of New Mexico § 24A-4-4 (Liquidated damages) is published on Counsel Stack Legal Research, covering New Mexico primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
N.M. Stat. Ann. § 24A-4-4 (2026).
Text
A.An agreement may provide for liquidated damages in an amount that is reasonable at the time the agreement is executed and in light of anticipated harm and difficulty of proving the amount of loss resulting from breach of the agreement by any party.
B.A provision in an agreement fixing unreasonably large liquidated damages is void as a penalty.
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Legislative History
Laws 2015, ch. 96, § 4; § 24-1I-4, recompiled as § 24A-4-4 by Laws 2024, ch.
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Bluebook (online)
New Mexico § 24A-4-4, Counsel Stack Legal Research, https://law.counselstack.com/statute/nm/24A/24A-4-4.