Damages for Breach of Commercial Contract (OK)

Summary

This practice note discusses the categories of damages available to a contracting party in the state of Oklahoma in the event of a breach, including compensatory/actual, general/direct, consequential/special/indirect, incidental, punitive/exemplary, and liquidated damages. It also covers contractual damage limitation provisions, including consequential damages waivers, liability caps, indemnification provisions, cumulative remedies clauses, equitable remedies clauses, and liquidated damages clauses. This practice note is industry neutral.