Specific Enforcement and Costs Clause Samples
The Specific Enforcement and Costs clause establishes the right of a party to seek a court order requiring the other party to fulfill their contractual obligations, rather than merely seeking monetary damages. In practice, this clause allows a party to request an injunction or other equitable relief if the other party fails to perform as agreed, and may also stipulate that the breaching party is responsible for legal costs incurred in enforcing the contract. Its core function is to ensure that contractual promises are actually carried out and to deter breaches by making enforcement more accessible and potentially costly for the non-compliant party.
Specific Enforcement and Costs. This provision for determination by appraisal shall be specifically enforceable to the extent such remedy is available under applicable law, and any determination hereunder shall be final and binding upon the parties except as otherwise provided by applicable law. The Lessor and the Lessee shall each pay the fees and expenses of the appraiser appointed by it and each shall pay one-half of the fees and expenses of the third appraiser and one-half of all other cost and expenses incurred in connection with each appraisal.
Specific Enforcement and Costs. 79 19.3 Lessee's Right of Refusal......................................................... 79 19.4 Lessee's Option to Purchase....................................................... 80 19.4.1 Conditions to Option................................................... 80 19.4.5