Failure to Perform Bars Reliance on Prior Agreement's Liquidated Damages Clause
Synthèse Legislator
Généré par l'IAThe dispute centered on whether a party, having failed to make payments by specified due dates, could still enforce a contractual right to liquidate damages based on an earlier, non-executed agreement that contained different calculation methods for those damages. The court reasoned that because the party seeking to enforce the liquidated damages provision had failed to timely perform its own obligations under the effective agreement, it was not entitled to rely on the terms of the prior, unexecuted agreement regarding damages, and thus, the calculation method from the effective agreement, or remedies available for breach thereof, must apply.
Regeste Legislator
Généré par l'IAArt. 66 al. 1 LTF; Failure to Perform Bars Reliance on Prior Agreement's Liquidated Damages Clause: The court reasoned that because the party seeking to enforce the liquidated damages provision had failed to timely perform its own obligations under the effective agreement, it was not entitled to rely on the terms of the prior, unexecuted agreement regarding damages, and thus, the calculation method from the effective agreement, or remedies available for breach thereof, must apply.
Mots-clés
Généré par l'IADispositions légales citées
Généré par l'IADécisions connexes
Généré par l'IAQuestions juridiques clés extraites par Legislator
Généré par l'IAThis provision was cited for the allocation of court costs.
Texte complet
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