The following Dispute Resolution practice note provides comprehensive and up to date legal information covering:
This Practice Note provides guidance on drafting a notice of breach of contract identifies the key instances for when a breach notice may be appropriate to serve and sets out the context behind the drafting of each of our bespoke notice of breach precedents. For guidance on using our related bespoke termination notice precedents, see Practice Note: Drafting termination notices—contract breach.
We have produced a number of bespoke precedents to be used where there has been a breach of contract and the innocent party wishes to give notice of that breach with a view to then terminating the agreement as a result of the breach (subject to any contractual remedy provisions).
For general guidance on terminating contracts for breach, see Practice Notes:
Termination for breach of contract
How to terminate an agreement
Note: the right to terminate an agreement based on a party’s financial condition (so called ipso facto clauses) may be restricted by provisions contained in Corporate Insolvency and Governance Act 2020 (CIGA 2020). See Practice Note: Corporate Insolvency and Governance Act 2020—restrictions on ipso facto clauses.
In understanding the methodology of the precedents, we have:
based the precedents on breach of a basic written commercial agreement, such as an agreement for the supply of goods or services (and without reference to any CIGA 2020 issues)
distinguished between precedents where:
the breach is for non-payment
**Trials are provided to all LexisPSL and LexisLibrary content, excluding Practice Compliance, Practice Management and Risk and Compliance, subscription packages are tailored to your specific needs. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
To view the latest version of this document and thousands of others like it, sign-in to LexisPSL or register for a free trial.
Existing user? Sign-in
Take a free trial
Dividends involve a distribution of cash or a distribution of non-cash assets (known as a distribution in kind or a distribution in specie).A scrip dividend (in a tax context, sometimes referred to as a stock dividend) allows a shareholder to receive new shares in a company as an alternative to a
Express and implied contractual terms distinguishedContractual terms may be either express or implied:•express terms—are terms which are actually recorded in a written contract or openly expressed in an oral contract at the time the contract is made (or there may be a combination of written and oral
The roles of nominated officer and money laundering reporting officerA nominated officer is an individual who is nominated by a firm to receive disclosures under Part 7 of the Proceeds of Crime Act 2002 (POCA 2002) or Part III of the Terrorism Act 2000 (TA 2000)—see Requirement to appoint a
BREXIT: UK is leaving EU on Exit Day (as defined in the European Union (Withdrawal) Act 2018). This has an impact on this Practice Note. For further guidance on the impact of Brexit on e-money requirements, see Practice Note: Impact of Brexit: Payment services and electronic money directives—quick
0330 161 1234
To view our latest legal guidance content,sign-in to Lexis®PSL or register for a free trial.