Current through L. 2024, c. 185.
Section 704 - Remedies for breach of contract(a) Damages to be paid to a mutual benefit enterprise for breach or anticipatory repudiation of a marketing contract may be liquidated, but only at an amount or under a formula that is reasonable in light of the actual or anticipated harm caused by the breach or repudiation. A provision that so provides is not a penalty.(b) Upon a breach of a marketing contract, whether by anticipatory repudiation or otherwise, a mutual benefit enterprise may seek:(1) an injunction to prevent further breach; and(2) specific performance.(c) The remedies in this section are in addition to any other remedies available to an enterprise under law other than this title.Added 2011, No. 84 (Adj. Sess.), § 1, eff. 4/20/2012.