Period for Remedy Clause Samples
The "Period for Remedy" clause defines the specific timeframe within which a party must correct a breach or fulfill an obligation after being notified of a default or issue. Typically, this clause outlines the number of days allowed for the responsible party to address the problem, such as fixing a defect in delivered goods or remedying a missed payment. By establishing a clear deadline for corrective action, the clause ensures both parties understand their rights and responsibilities, helping to prevent disputes and providing a structured process for resolving issues before more severe consequences, like termination, are considered.
Period for Remedy. The period of 14 days is agreed by the Company and the Customer as a reasonable period within which the Customer must remedy a breach capable of remedy under the Contract or compensate the Company, as contemplated by Clause 7.2.
Period for Remedy. The period of 7 days is agreed by EC and the Customer as a reasonable period within which the Customer must remedy a breach capable of remedy under the Contract or compensate EC, as contemplated by Clause 7.2.