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Oklahoma · Snapshot open-us-law v2026.08, retrieved 2026-09-14

Okla. Stat. tit. 12A, § 12A-2A-503: Modification or Impairment of Rights and Remedies

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  1. OK Code
  2. Title 12A

MODIFICATION OR IMPAIRMENT OF RIGHTS AND REMEDIES

(1) Except as otherwise provided in this article, the lease

agreement may include rights and remedies for default in addition to

or in substitution for those provided in this article and may limit

or alter the measure of damages recoverable under this article.

(2) Resort to a remedy provided under this article or in the

lease agreement is optional unless the remedy is expressly agreed to

be exclusive. If circumstances cause an exclusive or limited remedy

to fail of its essential purpose, or provision for an exclusive

remedy is unconscionable, remedy may be had as provided in this

article.

(3) Consequential damages may be liquidated under Section 2A-

504 of this title, or may otherwise be limited, altered, or excluded

unless the limitation, alteration, or exclusion is unconscionable.

Limitation, alteration, or exclusion of consequential damages for

injury to the person in the case of consumer goods is prima facie

unconscionable but limitation, alteration, or exclusion of damages

where the loss is commercial is not prima facie unconscionable.

(4) Rights and remedies on default by the lessor or the lessee

with respect to any obligation or promise collateral or ancillary to

the lease contract are not impaired by this article.

Collected 2026-09-14T18:32:36Z. Source file · JSON

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