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Official Code of Georgia Annotated

Title 13. CONTRACTS · Chapter 6. DAMAGES AND COSTS GENERALLY

13-6-7. Damages and expenses recoverable — Liquidated damages generally.

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Current through: Including Acts of the 2025 Regular Session of the General Assembly.

  1. If the parties agree in their contract what the damages for a breach shall be, they are said to be liquidated and, unless the agreement violates some principle of law, the parties are bound thereby.

The notes below are printed with the section but are not enacted law (O.C.G.A. § 1-1-1(c)). They are shown apart from the text.

History

Orig. Code 1863, § 2881; Code 1868, § 2889; Code 1873, § 2940; Code 1882, § 2940; Civil Code 1895, § 3794; Civil Code 1910, § 4390; Code 1933, § 20-1402.

Law reviews

For comment, ‘‘Refocusing Liquidated Damages Law for Real Estate Contracts: Returning to the Historical Roots of the Penalty Doctrine,’’ see 39 Emory L.J. 267 (1990).

Read the official page (the state's PDF, opened at the page this text was read from).

Current through: Including Acts of the 2025 Regular Session of the General Assembly.

Text read from t13-(v11)-2010-pdf.pdf, Volume V11, 2010 edition, page 403; merge action: annotated; file SHA-256 18573afb153d.