Other Names: Breach of Contract Letter Notice of Default Default Notice Notification of Contract Default Letter Breach of Contract Notice Contract Default Letter
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A Notice of Contract Default is used to provide written notice to a person or organization that is in default or breach of contract. Notices of Contract Default notify the defaulting party that they have failed to hold up their end of a contract. The notice provides a period of time ("grace period") for the defaulting party to remedy the problem.
Ideally, the Notice of Contract Default may prompt the defaulting party to fulfill its obligations under the contract. Otherwise, it will at least serve as evidence that the non-defaulting party provided the required warning to the defaulting party in the event that the contract is later terminated because of the default.
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