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What is a cure period in a contract?

In the context of contract law, the term cure means to correct or remove a defect that would be considered a bdocHub by the curing party. For example, a landlord may give the tenant a set amount of time to correct, or cure, a lease violation or face an eviction lawsuit.

How long does a cure notice take?

Cure notices require the contractor to remediate the defect within 10 days, so evidence of when the notice was received is critical. Requests for extension should always be in writing and the response should be retained.

Is there a buyers remorse law in Arizona?

It is a misconception that Arizona has a three-day grace period, also known as a cooling-off period, for motor vehicle sales, during which a purchaser can decide not to buy the vehicle and the sales contract is made void. This is incorrect. There is NO cooling-off period for motor vehicle purchases in Arizona.

How do you write a cure notice?

A cure or termination letter should begin where the problems began and tell the story chronologically. Bullet points work well to sum up this information. A contractor should be specific on the important dates, or if specific dates are not available, reference relevant time frames.

Does Arizona have a 3 day right of rescission?

Under Arizona law, consumers can cancel the following sales or services after the transaction is completed: Telephone Solicitation: You can cancel the order within three (3) business days from the delivery of the merchandise or premium (gift, bonus, prize or award) whichever is later.

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