Cure Period

A cure period is the timeframe given to a party in breach of contract to remedy the violation before the other party can terminate or take legal action.

Common ApplicationsContext
Payment defaultTime to make overdue payment
Contract breachOpportunity to correct violation
Notice periodWarning before termination
Remedy timelineSpecified days to fix issue
Typical TimeframesDuration
Payment breach7-14 days common
Other breaches30 days typical
Material breachesMay be shorter or immediate
Contractual termsVaries by agreement


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