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System Five: Default and Cure

Dec 7, 2000 | Article 

Written by J.E. Dennis Daoust
(Lexpert Seminar)

Each commercial lease will contain a system of clauses dealing with the rights of the landlord and the tenant respectively where on or the other fails to perform its obligations. There will be included a default article which groups together a number of provisions that help to define what constitutes a default and that, in addition, sets out remedies.

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