A specific performance clause is a specialized type of contractual equitable relief that may require the defendant to complete the terms of a contract when the court believes no other remedy such as money will adequately compensate the injured party. Parties to an agreement may insert a specific performance clause into the contract to protect their interests in the event of a breach of contract by either party, especially when the awarding of a monetary award may be deemed insufficient. A contract for the sale of a specific piece of property, for example, in which the owner pulls out, may result in a specific performance order requiring the seller to complete the sale to put the buyer in the position he or she would have enjoyed if the contract had been honored in the first place.Become a supporter of this podcast: https://www.spreaker.com/podcast/investment-terms--4432332/support.

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