specific performance


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Related to specific performance: Substantial performance

specific performance

n. Law
The carrying out of a contract according to its particular terms, especially as ordered by a court instead of paying damages for failing to carrying out the contract.

specific performance

n
(Law) law a remedy awarded by a court requiring a person to fulfil obligations under a contract where damages are an insufficient remedy

specif′ic perfor′mance


n.
literal compliance with one's contractual promises, as in the sale of land.
[1870–75]
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.specific performance - the performance of a legal contract as specified by its terms
carrying into action, carrying out, execution, performance - the act of performing; of doing something successfully; using knowledge as distinguished from merely possessing it; "they criticised his performance as mayor"; "experience generally improves performance"
References in periodicals archive ?
The answer lies in creating a fair balance between the important right of a real estate buyer who has been the victim of a breach of contract to have access to the courts without that right of access being unreasonably chilled, and the right of a seller to be protected against a cloud for specific performance being placed upon the property by a buyer who merely alleges the elements of a specific performance suit but has few real facts to support it.
The potential buyer sued for breach of contract and specific performance. The taxpayer paid $600,000 to settle the suit and deducted the payment on its return.
The print campaign consists of six full-color, double-page ads, each highlighting the Wools of New Zealand brand and specific performance benefits associated with New Zealand wool.
The law and economics literature on contracts offers an answer to this and related puzzles, suggesting that trademark capital does more than assure quality: It assures specific performance, that is, fulfillment of the precise terms of the contract.(2) After developing the specific-performance hypothesis (section II), we show that it is supported by the evidence from event studies.
The program, "Go for the Gold," rewards Northeastern wholesalers and Anheuser-Busch district and area managers for achieving specific performance objectives for Budweiser, Bud Light and Bud Dry during the first quarter of 1992.
Based on transaction specific performance to date, Fitch utilized a lifetime CNL proxy of 0.40%.
Under the latter, specific performance is considered a form of equitable relief, meaning that such required action is awarded to the obligee (the person to whom the other is obligated under contract) to the extent that such damage is unique and monetary damages are inadequate to compensate the same.
Contract enforcement; specific performance and injunctions, 2d ed.
is announcing the publication of four research reports from Pfeiffer Consulting quantifying the specific performance, productivity and efficiency gains of Autodesk Maya 2011 and Autodesk 3ds Max 2011 software, as compared to specific earlier versions.
Titanic Quarter Ltd, owned by Harcourt Developments, is seeking orders for specific performance to compel the defendants to honour the deal.