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Notice By Seller Of Demand For Adequate
NOTICE BY SELLER OF DEMAND FOR ADEQUATE
ASSURANCE OF PERFORMANCE
[Date]
[First Name of Recipient] [Last Name of Recipient]
[Company's Name of Recipient]
[Address of Recipient]
[City of Recipient], [State of Recipient]
[Zip Code of Recipient]
Dear [Mr./Mrs.] [Last Name of Recipient]:
Please be advised that I have not yet received your payment of $ [Purchase price] Dollars for the [Type of goods] that were shipped to you on [Date of shipment], under our agreement dated [Date of agreement]. Under the terms of that agreement, payment was required on or before [Date required].
In accordance with [cite local enactment of UCC $ 2-609], I demand that on or before [Last Date to pay] you either transmit payment in full or deliver a performance bond from [Company for performance bond] in the amount of [Number of times the amount due] times the amount due.
Dated:
signature
This is a UCC Buying & Selling of Goods provision. It is designed to supplement UCC "Buy & Sell" forms found in this category.