Our lawyers are experts in contract law and will be happy to help you with all your questions and concerns. Would you like help to draft a notice of default or be wholly relieved of this task? Would you like to know whether and from when you can claim statutory interest and damages? Do you need clarification on whether sending a notice of default is necessary, or do you doubt whether the default is required in your situation? Then do not hesitate and contact Law & More. You should know that the above formal notice is simple and does not lend itself to every situation. I will also claim statutory interest and any extrajudicial collection costs and damages. After the stipulated period expires, default commences, and I will be forced to take legal action. I hereby declare you in default and offer you one more chance to (properly) comply within 14 (fourteen) working days from the date. Remember to send the letter by registered mail and keep all necessary evidence (copy, proof of posting, etc.). However, every situation is different you must complete the letter and be aware that you are responsible for its content. You can use the sample letter below to declare your contracting party in default.

Letters are about more than letterhead make sure youre structuring your notes for maximum readability. Find a free letter writing template for Word and customize your correspondence. In some cases, default commences without notice of default, for example, if a fatal deadline has been stipulated to fulfill the obligations. Letters The art of letter writing is alive and well. Examples include situations in which performance is permanently impossible, such as a photographer who does not appear at the wedding. Depending on the circumstances, default may not be necessary. Default is required to be able to dissolve the contract or claim damages, for example. After the expiry of the appropriate period – mentioned in the letter – the debtor is in default. A notice of default gives this party another opportunity to (correctly) comply within a reasonable period. Unfortunately, it happens often enough that a contracting party fails to fulfill its obligations or fails to do so on time or correctly.

Final default notice template