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C.R.S. § 7-58-704

Remedies for breach of contract

Known as the Colorado Uniform Limited Cooperative Association Act

The act spans §§ 7–7 (129 sections).

(1) Damages to be paid to a limited cooperative association 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. (2) Upon a breach of a marketing contract, whether by anticipatory repudiation or otherwise, a limited cooperative association may seek: (a) An injunction to prevent further breach; and (b) Specific performance. (3) The remedies in this section are in addition to any other remedies available to an association under law other than this part 7.

Digitized from: Public.Law — Colorado Revised Statutes. Reproduced from public-domain Colorado statutes; confirm against the official source for the current text. Not legal advice.