MLchartDataset catalogue

Specific performance

Term · Law · MLC-T-LAW-004627

A court order compelling a party to fulfill the exact terms of a contract, rather than merely paying monetary damages for its breach. This remedy is granted when the subject matter of the contract is unique and monetary compensation would be inadequate. It is commonly applied in contracts involving real estate or rare goods.

Table 1. Record
IdentifierMLC-T-LAW-004627
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-004627",
  "term": "Specific performance",
  "field": "Law",
  "definition": "A court order compelling a party to fulfill the exact terms of a contract, rather than merely paying monetary damages for its breach. This remedy is granted when the subject matter of the contract is unique and monetary compensation would be inadequate. It is commonly applied in contracts involving real estate or rare goods.",
  "url": "https://mlchart.com/terminology/law/specific-performance/"
}

Record 4,717 of 5,445 in Law terminology (MLC-0107). Request the full dataset.