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2022 Georgia Code
Title 13 - Contracts
Chapter 6 - Damages and Costs Generally
§ 13-6-7. Damages and Expenses Recoverable — Liquidated Damages Generally
Universal Citation: GA Code § 13-6-7 (2022)
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.
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 article, “Not so Fast! Enforcing Accelerated Rent Clauses in Commercial Lease Agreements,” see 25 Ga. St. B.J. 19 (Dec. 2019).
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).
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