Oregon Limitation of Remedies, Election of Remedies, and the Cumulative Remedies Provision

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This form provides boilerplate contract clauses that outline the remedies available to the parties both under and outside the terms of the contract agreement.

Oregon Limitation of Remedies, Election of Remedies, and the Cumulative Remedies Provision are important legal concepts that apply in situations where parties are seeking remedies for a breach of contract or other type of legal violation. Understanding these concepts is crucial for anyone involved in contractual relationships in the state of Oregon. 1. Oregon Limitation of Remedies: The Oregon Limitation of Remedies provision refers to a clause that is typically included in contracts. This clause limits the available remedies or damages that a party may seek in the event of a breach of contract or other legal violation. It serves to protect the parties by establishing predetermined limits on the types and amount of damages that can be claimed. In Oregon, there are various types of Limitation of Remedies provisions that may be utilized, including the specific performance remedy limitation, liquidated damages limitation, and consequential damages limitation. — Specific Performance Remedy Limitation: This type of limitation of remedy specifies that the injured party cannot seek specific performance as a remedy for a breach of contract. Specific performance is the court-ordered enforcement of a contractual obligation, requiring the breaching party to perform the terms of the contract as originally agreed upon. — Liquidated Damages Limitation: A liquidated damages provision sets a predetermined amount of damages that will be payable in case of a breach. This limitation of remedy prevents the injured party from seeking additional damages beyond the predetermined amount specified in the contract. — Consequential Damages Limitation: This type of limitation of remedy aims to exclude or limit the recovery of consequential damages. Consequential damages are indirect or secondary damages that result from the breach of contract, extending beyond the immediate losses incurred. The limitation clause may specify a cap on the recoverable amount or exclude consequential damages altogether. 2. Election of Remedies: The Election of Remedies concept comes into play when a party is entitled to choose between multiple available remedies for a breach or violation. It allows the injured party to select one particular remedy while potentially forfeiting the right to pursue other remedies. In Oregon, the election of remedies principle generally allows a party to select between various remedies, whether provided by law or contract, such as seeking monetary damages, specific performance, cancellation of the contract, or any other legally available remedy. It is essential to carefully consider the available options before making a decision, as the choice may be binding and impact the overall outcome of the dispute. 3. Cumulative Remedies Provision: The Cumulative Remedies Provision is a clause typically found in contracts, which states that the remedies available to the parties are cumulative and not exclusive. This provision ensures that the injured party can pursue multiple remedies simultaneously or sequentially, without waiving any of their rights to alternative remedies. The purpose of the Cumulative Remedies Provision is to protect the injured party's interests by allowing them to pursue various courses of action simultaneously. This provision clarifies that the availability of one remedy does not preclude the pursuit of other remedies, whether they are specified under the contract or granted by applicable law. In conclusion, understanding the Oregon Limitation of Remedies, Election of Remedies, and the Cumulative Remedies Provision is vital for anyone involved in contractual relationships within the state. By comprehending these concepts and their different variations, parties can safeguard their interests and ensure they are aware of their rights and options in the event of a breach or any legal violation.

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FAQ

A limitation of liability clause in a contract limits the amount of money or damages that one party can recover from another party for breaches or performance failures. In other words, the clause can put a cap on the number of damages the organization will have to pay under certain circumstances.

General Contract Clauses: Cumulative Remedies (with Exclusive Remedies Carve-Out) A Standard Clause stating the parties' intention to express rights and remedies set out in the agreement are cumulative and in addition to any other rights or remedies provided by law or equity, and not in substitution for them.

The Holder, in addition to being entitled to exercise all rights granted by law, including recovery of damages, shall be entitled to specific performance of its rights under this Agreement.

Appropriate remedies for breach of contract in Oregon are; Legal Remedies: Some contracts incorporate a liquidated damages clause stating how much damages are to be accepted once there is a breach of contract. Legal remedies could be restitution, liquidated damages, or compensatory damages.

5 Common Remedies for a Breach of Contract #1. Compensatory Damages. Compensatory damages are the most common damages awarded in breach of contract cases. ... #2. Liquidated Damages. ... #3. Rescission. ... #4. Specific Performance. ... #5. Injunction. ... Have a Contract that has Been Breached? We Are Here to Help.

6 Common Remedies for Breach of Contract in Business Compensatory Damages. Compensatory damages refer to the financial compensation awarded to the innocent party in a contract breach case. ... Specific Performance. ... Injunction. ... Rescission. ... Liquidated Damages. ... Nominal Damages.

Often, however, the limitation of remedy clauses limits the types of remedies you can pursue. Remedies for contract breach include monetary damages, attorney's fees and costs, cure first provision, binding arbitration, and injunctive relief.

Amendment: If a contract mistake is identified, the parties may amend the agreement to fix the problem. This may include negotiating and revising the contract's provisions to match the parties' original purpose.

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(1) Each obligor that issues a service contract to a resident of this state shall pay an assessment not to exceed $1,000 to the Director of the Department of ... 72.7030 Seller's remedies in general. Where the buyer wrongfully rejects or revokes acceptance of goods or fails to make a payment due on or before delivery or ...This page contains Cumulative Remedies clauses in business contracts and legal agreements. ... No remedy or election hereunder shall be deemed exclusive but ... As provided in Section 15.1, Contractor agrees to pay the service credits or liquidated damages specified in Exhibit B if Contractor fails to provide ... Mar 24, 2021 — These remedies are cumulative to the extent the remedies are not inconsistent, and Agency may pursue any remedy or remedies singly, collectively ... All rights and remedies of the. County shall be cumulative and may be exercised successively or concurrently. The foregoing is without limitation to or waiver ... (2) Where circumstances cause an exclusive or limited remedy to fail of its essential purpose, remedy may be had as provided in the Uniform Commercial Code. Sep 17, 2018 — Today, I'll limit myself to considering one instance of fat, the “cumulative remedies” provision. You know the sort of thing. Here's a random ... by MD Peters · 1986 — This rule provided: No motion to require the plaintiff to elect as to which cause of action al- leged in the complaint he will rely on shall be made, unless ... done at City's request, shall not be considered as a limitation or waiver by City of any other remedies or claims it may have arising out of Consultant's ...

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Oregon Limitation of Remedies, Election of Remedies, and the Cumulative Remedies Provision