Oklahoma § 18-441-704 Remedies for breach of contract.

Oklahoma Statutes

§ 18-441-704 — Remedies for breach of contract.

Oklahoma·Title 18 Corporations

REMEDIES FOR BREACH OF CONTRACT.

(a)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.

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

(1)An injunction to prevent further breach; and (2) Specific performance.

(c)The remedies in this section are in addition to any other remedies available to an association under law other than the Uniform Limited Cooperative Association Act of 2009.

Free access — add to your briefcase to read the full text and ask questions with AI

REMEDIES FOR BREACH OF CONTRACT. (a) 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. (b) Upon a breach of a marketing contract, whether by anticipatory repudiation or otherwise, a limited cooperative association may seek: (1) An injunction to prevent further breach; and (2) Specific performance. (c) The remedies in this section are in addition to any other remedies available to an association under law other than the Uniform Limited Cooperative Association Act of 2009.

Oklahoma § 18-441-704 (Remedies for breach of contract.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.