What is an opportunity to cure a breach of contract?

An opportunity to cure a breach of contract is a conditional right given to a party who has breached a contract and been notified of that breach. This right is given before the other party has elected to terminate the contract. In Washington, the Residential Real Estate Law is the governing law that outlines the opportunity to cure a breach of contract. According to this law, a party who has breached the contract must be offered the opportunity to cure the breach before the other party can terminate the contract. To cure a breach, the party must take action to remedy the breach and make up for their violation. This can include paying any fees or fines due, making corrections to the contract, or even making a partial or full payment that was missed. To take advantage of the opportunity to cure, the breaching party must do so within a certain time frame, depending on the terms of the contract and the circumstances of the breach. If a breach is not cured, the contract will be terminated and the non-breaching party can pursue any lost damages. Therefore, an opportunity to cure a breach of contract is an important part of a contract, as it gives the breaching party a chance to make things right before the other party chooses to end the contract.

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