A sum certain is a predetermined, fixed price described in the terms of a contract or other negotiable instrument. A sum certain may be favored by parties who wish to avoid any ambiguity about how much money should be paid for the performance of a contractual obligation. A sum certain helps to prevent any conflicts about the calculation of payment.
Founded in 1882, Bassford Remele represents local, national, and international clients in all areas of civil litigation and dispute resolution. Bassford Remele is recognized as the Top Large-Sized Minnesota Business and Litigation Law Firm in the 2014 Super Lawyers Business Edition and a 2015 Go-To Law Firm at the Top 500 Companies by ALM.