15 U.S.C. § 6610 — Damages limitation by contract
submitted 27 years ago by Pub. L. 106-37 to r/title-15-COMMERCE-AND-TRADE · 62 words · no verdicts yet
In a Y2K contract breach or repudiation action, a party may claim or receive a category of damages only if the contract allows it or, when the contract is silent, applicable State or Federal law allows it.
For a Y2K action* about breaching or repudiating a contract*, a party may claim damages in a category, and a court may award that category, only when the contract’s express terms allow it. If the contract says nothing about the category, State* law in effect when the contract took effect or Federal law must allow it.
In any Y2K action* for breach or repudiation of contract*, no party may claim, or be awarded, any category of damages unless such damages are allowed—
by the express terms of the contract; or
if the contract is silent on such damages, by operation of State* law at the time the contract was effective or by operation of Federal law.
Source credit: (Pub. L. 106–37, § 11, July 20, 1999, 113 Stat. 199.)
- 1999Enacted · Pub. L. 106-37 · 113 Stat. 199
A history note hasn’t been published yet. The record shows enactment by Pub. L. 106-37 on 1999-07-20.
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