Okla. Stat. tit. 12A, § 12A-2A-503
This is the official text of Okla. Stat. tit. 12A, § 12A-2A-503, part of Oklahoma’s Stat. tit. 12A, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 12A,." Browse the sections below, each linked to its official government source.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
Modification or Impairment of Rights and Remedies
Official statutory text
MODIFICATION OR IMPAIRMENT OF RIGHTS AND REMEDIES
(1) Except as otherwise provided in this article, the lease
agreement may include rights and remedies for default in addition to
or in substitution for those provided in this article and may limit
or alter the measure of damages recoverable under this article.
(2) Resort to a remedy provided under this article or in the
lease agreement is optional unless the remedy is expressly agreed to
be exclusive. If circumstances cause an exclusive or limited remedy
to fail of its essential purpose, or provision for an exclusive
remedy is unconscionable, remedy may be had as provided in this
article.
(3) Consequential damages may be liquidated under Section 2A-
504 of this title, or may otherwise be limited, altered, or excluded
unless the limitation, alteration, or exclusion is unconscionable.
Limitation, alteration, or exclusion of consequential damages for
injury to the person in the case of consumer goods is prima facie
unconscionable but limitation, alteration, or exclusion of damages
where the loss is commercial is not prima facie unconscionable.
(4) Rights and remedies on default by the lessor or the lessee
with respect to any obligation or promise collateral or ancillary to
the lease contract are not impaired by this article.
(1) Except as otherwise provided in this article, the lease
agreement may include rights and remedies for default in addition to
or in substitution for those provided in this article and may limit
or alter the measure of damages recoverable under this article.
(2) Resort to a remedy provided under this article or in the
lease agreement is optional unless the remedy is expressly agreed to
be exclusive. If circumstances cause an exclusive or limited remedy
to fail of its essential purpose, or provision for an exclusive
remedy is unconscionable, remedy may be had as provided in this
article.
(3) Consequential damages may be liquidated under Section 2A-
504 of this title, or may otherwise be limited, altered, or excluded
unless the limitation, alteration, or exclusion is unconscionable.
Limitation, alteration, or exclusion of consequential damages for
injury to the person in the case of consumer goods is prima facie
unconscionable but limitation, alteration, or exclusion of damages
where the loss is commercial is not prima facie unconscionable.
(4) Rights and remedies on default by the lessor or the lessee
with respect to any obligation or promise collateral or ancillary to
the lease contract are not impaired by this article.
Status: in_force · Read it on the official government site
Need a lawyer in Oklahoma?
Find a Oklahoma lawyer
About this page: Statute text is reproduced from official government publishers via the
Open US Law dataset
(Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine
(Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.