A contract is considered breached if one or more of the terms and conditions agreed upon in a contract has not been met. If you find yourself entangled in a contract dispute because you believe the other party isn’t fulfilling their side of the deal, sending a notice of breach is the first step in resolving the issue.
A notice of breach explains the nature of the breach (that is, what the other party did or failed to do) and outlines the actions that will be taken next to either resolve the dispute or terminate the contract and compensate for any losses. Some notices are less formal, serving more as an invitation to discuss and settle the dispute. Other notices are very detailed, with a specific course of action and a timetable for resolving the conflict.
Any notice of breach should include the following:
Before you send a notice of breach, try to resolve contract disputes informally. This will not only save you time, money, and possibly your business relationship, but it will also give the other party an opportunity to fix a problem that he or she might not have been aware of. In some cases, the damages caused by a breach of contract can’t be fixed. In these cases, it may be best to mutually agree to terminate the contract.
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