How are liquidated damages different from specific performance?
Staff Q&A from the 63Hours team.
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How are liquidated damages different from specific performance?
Staff Q&A from the 63Hours team.
Liquidated damages refer to an agreed damages provision, subject to enforceability rules. Specific performance seeks a court order requiring the promised performance rather than just money. The course uses these as different remedies for breach. Neither follows automatically from disappointment with a deal; the contract, facts, and applicable law determine what can actually be pursued.
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Discussion prompt: Is the requested remedy money or completion of the promised act?