Stride v. 120 West Madison Building Corp.

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• where language of lease establishes that damages are ascertainable, provision for double rent payments is unenforceable penalty clause
• “if the clause fixing damages is merely to secure performance of the agreement, it will be treated as a penalty and only actual damages proved can be recovered”
• termination based on a lease clause dealing with sale of the underlying property
• lease provision requiring lessee to pay double rent was unenforceable penalty

Source: CourtListener parenthetical corpus (CC0).