Legal Demand Letter

LEGAL DEMAND LETTER

This Legal Demand Letter is delivered by Claimant Name: whose principal address is Claimant Address: to Recipient Name: at Recipient Address: on the date of delivery set forth below.

RECITALS

WHEREAS, Claimant contends that Recipient owes a monetary obligation, or otherwise breached an obligation, arising from the transaction, agreement, or conduct described herein; and

WHEREAS, the underlying facts include the following summary:

WHEREAS, Claimant asserts that the amount presently due and owing is set forth below and that Claimant intends to pursue all available legal and equitable remedies if the demand herein is not satisfied.

NOW, THEREFORE

NOW, THEREFORE, in consideration of the recitals above and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Claimant demands payment and performance as set forth in the numbered provisions below.

1. DEMAND

Claimant hereby demands that Recipient pay to Claimant the total sum of Amount Claimed: $ (the "Claimed Amount"), which amount is comprised of principal, fees, interest, costs, and other recoverable charges described in Section 3 below.

2. STATEMENT OF FACTS

The material facts giving rise to this demand are as follows:

3. ITEMIZATION OF AMOUNT

The Claimed Amount is itemized as follows: Principal / Outstanding Balance: $; Accrued Interest: $; Fees and Costs: $. Additional detail or calculation:

4. DEMAND FOR PAYMENT AND CURE

Claimant demands that Recipient remit the Claimed Amount in full, or otherwise cure the breach described herein, no later than Deadline Date: . Payment instructions or acceptable forms of cure:

5. CONSEQUENCES OF NON-COMPLIANCE

If Claimant does not receive payment or an agreed cure by the deadline specified above, Claimant will pursue all available remedies at law or in equity, which may include initiating litigation, seeking prejudgment and postjudgment interest, collection costs, attorneys' fees where permitted by contract or law, and any equitable relief the court deems appropriate. Recipient is hereby on notice that such actions may be commenced without further demand.

6. MITIGATION AND DOCUMENTS

Recipient is requested to preserve all documents, communications, records, electronically stored information, and other materials relating to the subject matter of this demand. Claimant reserves the right to review such materials and to supplement its claim as warranted by any additional information.

7. REPRESENTATIONS

Claimant represents that, to the best of Claimant's knowledge, the statements in this Demand Letter are true and accurate. Claimant further represents that Claimant is authorized to make this demand on its own behalf and on behalf of any assignees or agents identified in writing.

8. NOTICES

Notices shall be deemed given when delivered in person, sent by nationally recognized overnight courier, sent by certified mail return receipt requested, or sent to the addresses provided above.

9. GOVERNING LAW

This Demand Letter and any dispute arising from or related to it shall be governed by and construed in accordance with the laws of Governing State: , without regard to its conflicts of law principles.

10. ENTIRE AGREEMENT; SEVERABILITY

This Demand Letter contains the entire understanding between the parties with respect to the subject matter hereof and supersedes all prior negotiations and agreements, whether written or oral, concerning the same. If any provision of this Demand Letter is held invalid or unenforceable, such invalidity shall not affect the remaining provisions, which shall remain in full force and effect.

11. AMENDMENTS; WAIVER; COUNTERPARTS

Any amendment to this Demand Letter must be in writing and signed by both parties. Failure or delay in exercising any right shall not constitute a waiver. This Demand Letter may be executed in counterparts, each of which shall be deemed an original but all of which together shall constitute one instrument.

12. ACKNOWLEDGMENT

Recipient is requested to acknowledge receipt and acceptance of the terms of this Demand Letter by signing below and returning a copy to Claimant. Such acknowledgment does not waive any defenses unless explicitly stated in writing.

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