12A:2-719 - Contractual modification or limitation of remedy - New Jersey Statutes

12A:2-719.  Contractual modification or limitation of remedy
    (1) Subject to the provisions of subsections (2) and (3) of this section and  of the preceding section on liquidation and limitation of damages,

     (a) the agreement may provide for remedies in addition to or in substitution for those provided in this Chapter and may limit or alter the measure of damages recoverable under this Chapter, as by limiting the buyer's remedies to return of the goods and repayment of the price or to repair and replacement of non-conforming goods or parts;  and

     (b) resort to a remedy as provided is optional unless the remedy is expressly agreed to be exclusive, in which case it is the sole remedy.

    (2) Where circumstances cause an exclusive or limited remedy to fail of its  essential purpose, remedy may be had as provided in this Act.

    (3) Consequential damages may be limited or excluded unless the limitation or exclusion is unconscionable.  Limitation of consequential damages for injury  to the person in the case of consumer goods is prima facie unconscionable but  limitation of damages where the loss is commercial is not.

     L.1961, c. 120, s. 2-719.