Specific Performance Definition

The carrying out of a contract according to its particular terms, especially as ordered by a court instead of paying damages for failing to carrying out the contract.

The exact performance of a contract or an order compelling it.

An equitable court-ordered remedy that mandates precise fulfillment of a legal or contractual obligation, when pecuniary damages would be inappropriate or inadequate, such as in the sale of a rare article or a unique piece of real estate. The decree of specific performance requires that the person so directed perform as directed or face imprisonment.