Limitation period for specific performance of contract is a legal term that refers to the time frame within which a party can seek specific performance of a contract that has been breached by the other party. In simple terms, specific performance is a legal remedy in which a court orders a party to perform their obligations under a contract.

The limitation period for specific performance of contract varies from jurisdiction to jurisdiction and is subject to the terms of the contract. Generally, the limitation period is calculated from the date of the breach of the contract. In some jurisdictions, the limitation period may be tolled or extended if the party seeking specific performance can establish that they were prevented from fulfilling their obligations under the contract due to circumstances outside their control.

In the United States, the Uniform Commercial Code (UCC) governs contracts for the sale of goods. Under the UCC, the limitation period for specific performance of contract is four years from the date of the breach. However, the parties can agree to a shorter or longer limitation period in the contract.

It is important for parties to be aware of the limitation period for specific performance of contract as it may impact their ability to seek legal remedies for a breach. If a party fails to seek specific performance within the limitation period, they may lose their right to enforce the contract.

In addition to the limitation period, parties should also be aware of other factors that may affect their ability to seek specific performance. For example, if the party seeking specific performance has also breached the contract, they may not be able to seek specific performance unless they have cured their own breach.

In conclusion, the limitation period for specific performance of contract is an important legal concept that parties should be aware of when entering into contracts. It is important to understand the limitation period and other factors that may impact the party`s ability to seek specific performance. If you are unsure about your rights and obligations under a contract, it is always recommended to seek legal advice from an experienced attorney.