Common use of Specific Performance Remedy Clause in Contracts

Specific Performance Remedy. The City and Developer agree that damages would not be an adequate remedy if the City fails to carry out its obligations under this Agreement. Therefore, no money damages are available against City, or any officer, employee, or agent thereof. Specific performance of this Agreement is necessary to compensate Developer if the City fails to carry out its obligations under this Agreement.

Appears in 3 contracts

Sources: Development Agreement, Development Agreement, Development Agreement