What is typically included in a contract’s specific performances?

The correct response highlights that specific performances outlined in a contract primarily consist of the detailed actions that each party is obligated to execute as part of the agreement. These details serve to clearly define the roles, responsibilities, and expectations for each party involved, ensuring that there is no ambiguity regarding what is required. By specifying the required actions, a contract helps to create accountability and provides a framework for measuring compliance and performance throughout the duration of the agreement.

In contrast, while the names of stakeholders may be important for identifying the parties involved, they do not constitute the specific performances of the contract. Financial incentives, although potentially included in a contract, relate more to motivations for performance rather than the specific actions required. Lastly, standard penalties for noncompliance pertain to the consequences of failing to meet obligations but do not detail the specific performances that parties must fulfill. This distinction makes the inclusion of required actions the most critical aspect of a contract’s specific performances.