Utah § 16-16-704 Remedies for breach of contract.

Utah Statutes

§ 16-16-704 — Remedies for breach of contract.

Utah·Title 16 Corporations·Ch. 16-16 Uniform Limited Cooperative Association Act·Part 16-16-7 Marketing Contracts

(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:

(2)(a) an injunction to prevent further breach; and

(2)(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 chapter.

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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:

(2)(a) an injunction to prevent further breach; and
(2)(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 chapter.

Utah § 16-16-704 (Remedies for breach of contract.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.