Ravenstar, LLC v. One Ski Hill Place, LLC
Supreme Court of Colorado
1Opinion of the CourtChief Justice Rice
delivered the • Opinion of the Court,
¶1 This ease requires us to determine whether a liquidated damages clause in a contract is invalid because the contract gives the non-breaching party the option to choose between liquidated damages and actual damages. 1 We hold that such an option does not invalidate the clause and' inátead parties are free to contract for a damages provision that allows a non-breaching party to elect between liquidated damages and actual damages. However, such an option must be exclusive, meaning a party who elects to pursue one of the available remedies may not also…
2Cases cited24 opinions
- Town of Alma v. AZCO Construction, Inc.Supreme Court of Colorado · 2000
- Klinger v. Adams County School District No. 50Supreme Court of Colorado · 2006
- Keller v. A.O. Smith Harvestore Products, Inc.Supreme Court of Colorado · 1991
- Smith v. KingWashington Supreme Court · 1986
- Grossinger Motorcorp, Inc. v. American National Bank & Trust Co.Appellate Court of Illinois · 1992
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3Cited by16 opinions
- DREAM FINDERS HOMES LLC, a Florida limited liability company, and DFH Mandarin, LLC, a Florida limited liability company, and v. WEYERHAEUSER NR COMPANY, a Washington corporation, and Cross-Appellee.Colorado Court of Appeals · 2021
- Calvert v. MayberrySupreme Court of Colorado · 2019
- v. ScottColorado Court of Appeals · 2019
- Adrienne Grace v. Erik R. Sale and Kalli S. SaleUnited States Bankruptcy Court, D. Colorado · 2026
- Best Beach Getaways LLC v. TSYS Merchant Solutions, LLCDistrict Court, D. Colorado · 2021
11 more not listed; retrieve them via the Exa API.