Defaults and Remedies Section Clause Samples

The Defaults and Remedies section outlines what constitutes a breach or default under the agreement and specifies the actions that can be taken in response. Typically, this clause details the types of conduct or failures that trigger a default, such as missed payments or failure to perform obligations, and then describes the remedies available to the non-defaulting party, which may include the right to terminate the contract, seek damages, or require specific performance. Its core function is to provide a clear framework for addressing breaches, thereby allocating risk and ensuring both parties understand the consequences of non-compliance.