The following Commercial guidance note provides comprehensive and up to date legal information covering:
Dear [name of lawyers acting for other party],
[insert name of agreement]: [insert client name] and [insert counter-party name]
[As you are aware, we OR We] act for [insert client name] (our client).
Our client and [insert counter-party name] ([insert short name]) are parties to an [insert agreement name] dated [insert date] (Agreement).
We are instructed that [insert counter-party short name] has breached the Agreement by failing to pay £[insert amount] (Debt) to our client by [insert due date] as required by Clause [insert number]. This constitutes a breach of [an essential OR a fundamental] term, as recognised by Clause [insert number].
[Interest has accrued on the Debt from [(and including)] [insert date] in accordance with Clause [insert number] and as at the date of this letter amounts to £[insert amount]. Interest will continue to accrue until the Debt is paid in full and is owed to our client as [part of the Debt OR an additional debt].
Statutory interest has accrued on the Debt from [(and includin
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