Legal Demand Notice

LEGAL DEMAND NOTICE

Claimant Name:    Claimant Address:

Recipient Name:    Recipient Address:

Date of Notice:

RECITALS

WHEREAS, Claimant alleges that Recipient owes a monetary obligation arising from the transaction described as: ; and

WHEREAS, pursuant to the terms applicable to the transaction and applicable law, Claimant asserts that the total amount due as of the Date of Notice is: $, inclusive of principal, interest, and other recoverable charges as set forth below; and

WHEREAS, Claimant now delivers this Legal Demand Notice to require immediate remediation, payment, or specific performance as described herein.

NOW, THEREFORE

In consideration of the foregoing recitals, the parties are put on formal notice as follows. This Demand specifies the basis of the claim, the amount demanded, the time for cure, and the legal consequences of failure to comply.

1. DEMAND FOR PAYMENT

Claimant hereby demands that Recipient pay the total amount of $ (the "Demanded Amount") no later than . Payment must be made in lawful funds by the methods designated in Section 4.

2. BASIS OF CLAIM

The claim arises under the following legal theory (check all that apply) and is supported by the facts described below.

Breach of contract    Unpaid account    Tort/damage    Other

3. COMPUTATION OF AMOUNT

The Demanded Amount is calculated as follows. Use the field below to itemize principal, interest, fees, and other recoverable charges supporting the total demand.

4. PAYMENT TERMS AND METHODS

Payment shall be tendered in immediately available funds. Acceptable methods: certified check, wire transfer to an account designated in writing, or other instrument agreed in writing. Unless otherwise agreed, payment shall be delivered to:

5. CURE PERIOD AND CONSEQUENCES

Recipient shall have until to cure the breach or satisfy the Demanded Amount. If Recipient fails to comply by that date, Claimant will take one or more of the following actions without further notice:

(a) Initiate legal proceedings to recover the Demanded Amount, interest, costs, and attorneys' fees; (b) suspend further performance under the parties' agreement; (c) seek injunctive or other equitable relief; and/or (d) report unpaid obligations to credit or regulatory entities where permitted by law.

6. ATTORNEYS' FEES AND COSTS

To the extent permitted by contract or applicable law, Claimant reserves the right to recover reasonable attorneys' fees, collection costs, interest, and other expenses incurred as a result of Recipient's failure to cure. Such amounts will be added to the Demanded Amount and sought in any enforcement proceeding.

7. NOTICES

All notices referenced in this Demand shall be in writing and delivered to the addresses set forth at the beginning of this Notice or to any alternate address provided in writing in accordance with this Section. Notices shall be deemed given when personally delivered, delivered by nationally recognized overnight courier, or three (3) days after deposit in the United States mail, postage prepaid, certified mail, return receipt requested.

8. GOVERNING LAW

This Demand shall be governed by and construed in accordance with the substantive laws of the state of without regard to conflict of laws principles. Venue for any judicial action shall lie exclusively in the appropriate state or federal court located within that state.

9. ENTIRE AGREEMENT

This Demand Notice constitutes the full and final written statement of Claimant's present demand against Recipient with respect to the matters asserted herein and supersedes any prior written statements of claim relating to the same subject matter. Nothing in this Demand constitutes an admission of liability by Claimant.

10. SEVERABILITY

If any provision of this Demand is held invalid or unenforceable by a court of competent jurisdiction, such provision will be severed to the minimum extent necessary and the remaining provisions will remain in full force and effect.

11. AMENDMENT; WAIVER; COUNTERPARTS

No amendment or waiver of any provision of this Demand is effective unless in writing and signed by the party against whom such amendment or waiver is asserted. This Demand may be executed in counterparts, each of which is an original, and all of which taken together constitute one and the same instrument.

12. RESERVATION OF RIGHTS

Claimant expressly reserves all rights, remedies and claims available under contract, statute, and common law, including the right to seek injunctive relief, enforcement, and full recovery of damages, interest, costs, and attorneys' fees.

ACKNOWLEDGMENT

By signing below, Recipient acknowledges receipt of this Legal Demand Notice and understands that failure to cure the Demanded Amount within the time specified may result in legal action to enforce Claimant's rights.

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