General Contract Clauses: Equitable Remedies (OH) | Practical Law

General Contract Clauses: Equitable Remedies (OH) | Practical Law

A Standard Clause stating the parties' intention to provide for equitable remedies for breach of contract in addition to or instead of monetary relief under Ohio law. If the parties intend that certain express remedies like liquidated damages constitute the exclusive or sole remedy for a particular breach, the parties can include the optional exclusive remedy carve-out. This Standard Clause contains both a unilateral and a mutual version and has integrated notes with important explanations and drafting tips.

General Contract Clauses: Equitable Remedies (OH)

Practical Law Standard Clauses w-001-7828 (Approx. 14 pages)

General Contract Clauses: Equitable Remedies (OH)

by Practical Law Commercial Transactions, with Brent M. Buckley and David A. Kunselman, Buckley King LPA
MaintainedOhio
A Standard Clause stating the parties' intention to provide for equitable remedies for breach of contract in addition to or instead of monetary relief under Ohio law. If the parties intend that certain express remedies like liquidated damages constitute the exclusive or sole remedy for a particular breach, the parties can include the optional exclusive remedy carve-out. This Standard Clause contains both a unilateral and a mutual version and has integrated notes with important explanations and drafting tips.