State Law

New Mexico Statutes Ann-Chapter 24-Article 1I. Health Care Practitioner Agreements

07/21/2020 New Mexico Section 24-1I-4

Liquidated damages

Restrictive Covenants

A. An agreement may provide for liquidated damages in an amount that is reasonable at the time the agreement is executed and in light of anticipated harm and difficulty of proving the amount of loss resulting from breach of the agreement by any party.

B. A provision in an agreement fixing unreasonably large liquidated damages is void as a penalty.

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