47-2A503. Modification or impairment of
rights and remedies
A. Except as otherwise provided in this chapter, the lease agreement may include
rights and remedies for default 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.
B. Resort to a remedy provided under this chapter 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 chapter.
C. Consequential damages may be liquidated under section 47-2A504, 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.
D. 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 chapter.
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