The eighth-circuit affirmed the district court’s denial of a preliminary injunction sought by Revenue Management Solutions, LLC (RMS) against Commerce Bank. The court held that RMS failed to satisfy the threshold requirement of demonstrating irreparable harm, which alone is sufficient grounds to deny such equitable relief. In applying the four-factor test for preliminary injunctions established in *Winter v. Nat. Res. Def. Council, Inc.* and *Starbucks Corp. v. McKinney*, the court reviewed the district court’s factual findings for clear error and its legal conclusions de novo. The appellate court concluded that RMS’s alleged harms were compensable through money damages or too speculative to warrant equitable intervention. Specifically, the court found that potential financial losses, including price erosion and loss of market share, were not irreparable because they were calculable based on the contract’s price schedule and could be regained through competition. Furthermore, claims regarding reputational harm and customer confusion were deemed speculative due to the white-label nature of the original agreement and a lack of corroboration. Although RMS argued that the misappropriation of trade secrets inherently constituted irreparable harm, the court noted that RMS framed its argument primarily in terms of lost profits rather than the loss of secrecy itself; consequently, the district court did not abuse its discretion by treating the claim as one for compensable damages. The court also rejected RMS’s arguments that a contractual Injunctive Relief Clause mandated the grant of an injunction or that a limitation-of-liability clause created irreparable harm, citing precedent that federal courts cannot be contractually bound to grant equitable relief and that agreed-upon damage limits do not transform economic loss into irreparable injury. As a result of this decision, the district court’s order denying the preliminary injunction remains in effect, allowing Commerce Bank to continue its development and use of RemitConnect 2.0 without an immediate court order restricting its operations pending the outcome of the underlying litigation.