This Notice of Default contains various notices for use when informing an individual about a default on an obligation within an agreement. Most agreements contain specific provisions on how defaults must be handled and how the non-defaulting party may proceed. This package contains three letter notices which can be tailored to meet your specific situation. It is imperative that a Notice of Default be set out in writing. A written notice will be useful in the event there are disagreements or misunderstandings about a party’s official notification regarding the default.

This Notice of Default Package contains the following default notification letters:

• Correct Default: This letter serves as notice of the default, identifies the type of contract or agreement and its date, detailed information about the default and the timeframe in which to correct the default;
• Full Payment of Balance: This letter serves as notice of the default, the type of contract or agreement, specific information about the default and the acceleration of the obligation and demand for full payment of the balance by a certain date;
• Termination of Agreement: This letter serves as notice that the agreement is terminated and that the total amount due under the agreement is now due. It also sets out the date when the indebtedness must be paid and the fact that other remedies, including legal action, will be instituted if the default is not cured.

Protect yourself and your rights by using these professionally-prepared and easy to use forms.

This lawyer-prepared package includes:

1. Instructions and Checklist
2. General Information
3. Notice of Default Package for use in Canada

Law Compliance: This form can be used in the following provinces: Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland and Labrador, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Saskatchewan and Yukon