Subcontractors Failure of Performance Right to Cure and Termination Sample Clauses
This clause defines the procedures and rights related to a subcontractor's failure to meet contractual obligations. Typically, it outlines the steps the main contractor must take if the subcontractor does not perform as required, such as providing written notice and an opportunity for the subcontractor to correct the issue within a specified timeframe. If the subcontractor fails to cure the default, the clause usually allows the main contractor to terminate the subcontract and seek remedies. Its core function is to provide a clear process for addressing non-performance, ensuring both parties understand their rights and obligations in the event of a breach.
Subcontractors Failure of Performance Right to Cure and Termination. A. Right to Adequate Assurances: When reasonable grounds for insecurity arise with respect to Subcontractor’s performance, Contractor may in writing demand adequate assurance of due performance. Subcontractor’s failure to provide within three (3) days of the demand such assurance of due performance as is adequate under the circumstances will constitute a default pursuant to the terms of this Section. Contractor’s right to demand adequate assurances shall in no way limit Contractor’s right to immediately issue a notice to cure as provided below.
Subcontractors Failure of Performance Right to Cure and Termination