Section 2-609(1) of the Uniform Commercial Code provides:
A contract for sale imposes an obligation on each party that the other's expectation of receiving due performance will not be impaired. When reasonable grounds for insecurity arise with respect to the performance of either party the other may in writing demand adequate assurance of due performance and until he receives such assurance may, if commercially reasonable, suspend any performance for which he has not already received the agreed return.
Illinois Notice of Objection Regarding Late Performance in Delivery of Goods and Demand Assurance is a legal document used in the state of Illinois to assert a complaint against a party for their failure to timely deliver goods as agreed upon and demand assurance of future performance. Keywords: Illinois, Notice of Objection, Late Performance, Delivery of Goods, Demand Assurance. There are various types of Illinois Notice of Objection Regarding Late Performance in Delivery of Goods and Demand Assurance based on the specific circumstances and nature of the late performance issue: 1. Illinois Notice of Objection Regarding Late Delivery of Goods: This type of notice is used when a party fails to deliver goods within the agreed-upon timeframe. It asserts the objection against the late delivery and seeks demand assurance for future performance. 2. Illinois Notice of Objection Regarding Non-Delivery of Goods: When a party completely fails to deliver goods, this notice is used to raise an objection against their non-performance. It requests assurance that future deliveries will be made as agreed upon. 3. Illinois Notice of Objection Regarding Incomplete Delivery of Goods: In cases where the delivered goods are incomplete in quantity or do not meet the specified requirements, this notice is used to object to the late performance. It demands assurance that future deliveries will be complete and in line with the agreed-upon terms. 4. Illinois Notice of Objection Regarding Defective Delivery of Goods: If the delivered goods are found to be defective or not in compliance with the agreed-upon quality standards, this notice is used to raise an objection. It seeks demand assurance that future deliveries will be defect-free and meet the required quality standards. 5. Illinois Notice of Objection Regarding Late Performance in Demand Assurance: Sometimes, the party responsible for providing assurance of future performance fails to do so within the agreed-upon timeframe. This notice asserts an objection against the late performance and demands immediate assurance of future performance. It is important to consult a legal professional or attorney to ensure accuracy and adherence to all legal requirements when drafting an Illinois Notice of Objection Regarding Late Performance in Delivery of Goods and Demand Assurance.
