Cure Period
/ˈkjʊər ˌpɪərɪəd/
Definitions
- (n.) A specified time frame within a contract or statute during which a party may remedy a breach or default before further legal action is permitted.
The borrower was given a thirty-day cure period to repay the overdue loan amount.
Forms
- cure periods
Related terms
See also
Commentary
The cure period is critical in contract drafting to define precise deadlines for remedying breaches and avoiding disputes over timing.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.