N.D. Cent. Code § 9-08-04
Current through 2024 Legislative Session
Every contract by which the amount of damages to be paid, or other compensation to be made, for a breach of an obligation is determined in anticipation thereof is to that extent void, except that the parties may agree therein upon an amount presumed to be the damage sustained by a breach in cases in which it would be impracticable or extremely difficult to fix the actual damage.
N.D.C.C. § 9-08-04