53-9-5. Contracts fixing damages void, exception.
54 words·~1 min read·
/sd/title-53/chapter-53-9/53-9-5A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Every contract in which amount of damage or compensation for breach of an obligation is determined in anticipation thereof is void to that extent except the parties may agree therein upon an amount presumed to be the damage for breach in cases where it would be impracticable or extremely difficult to fix actual damage.