The award of an agreed sum

Abstract

The award of an agreed sum is a remedy which protects the promisee’s expectations by enforcing the defendant’s contractual promise to pay a sum of money. As such, its justification ultimately rests on the morality of promise-keeping. The remedy can be regarded as a hybrid, being like damages in that it is common law and monetary but like specific performance in that its function is to compel performance of a positive contractual obligation.