Notice-Objection-Late Performance in Delivery is a system used in contract law that allows one party to a contract to inform the other of a late performance or other breach of contract. This process is also known as a Request for Performance or Notice of Default. The system works by providing the non-breaching party with a notice of the breach, then allowing the breaching party a certain period of time to cure the breach. If the breach is not cured within the specified time frame, the non-breaching party may then file an objection with the court, ultimately resulting in the breaching party being ordered to perform or pay damages. There are two types of Notice-Objection-Late Performance in Delivery: 1. Unconditional Notice-Objection-Late Performance in Delivery — This type of notice does not give the breaching party the opportunity to cure the breach and requires that the breaching party perform or pay damages immediately. 2. Conditional Notice-Objection-Late Performance in Delivery — This type of notice gives the breaching party the opportunity to cure the breach by a certain deadline. The non-breaching party may then file an objection if the breach is not cured by the specified time.
Notice-Objection-Late Performance in Delivery
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