Commercial Law Terms

Specific Performance

A court-ordered remedy compelling a party to actually perform their contractual obligation.

In Simple Terms

Instead of just paying damages, the court makes you actually do what you promised in the contract.

Detailed Legal Meaning

Specific performance is an equitable remedy directing a party to perform the very obligation promised under a contract, generally granted where monetary compensation would not be an adequate remedy — most commonly in contracts concerning immovable property. The Specific Relief (Amendment) Act, 2018 made specific performance a more readily available remedy rather than a purely discretionary, exceptional one.

Relevant Acts & Sections

Related Terms