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The legal right to cure is a principle founded in contract law that allows one party in a contract, who has defaulted under a contract provision, to remedy their default by taking steps to ensure compliance or otherwise, cure the default.
Cure or quit is a notice given to tenants to stop violating a clause of their lease agreement. Either state statute or the lease agreement will determine how long the tenant has to respond to or stop the prohibited activity. If the tenant refuses to stop, the landlord will file to evict the tenant.
Notice and right to cure clause samples. VI. NOTICE AND RIGHT TO CURE. Each party shall be entitled to written notice of any default and shall have: (i)five (5) days from receipt of such notice to cure a failure to close the purchase of the Property or provide the insurance requirements specified in Section2.
A cure or termination letter should begin where the problems began and tell the story chronologically. Bullet points work well to sum up this information. A contractor should be specific on the important dates, or if specific dates are not available, reference relevant time frames.