Notice of Cancelation for Nonpayment - Template Form

Recipient Name: ________
Recipient Email: ________
Recipient Phone: ________
Recipient Address:

________

FROM (the "Seller"): ________

RE: Cancellation of Order/Account No. ________

§ 1. Purpose of Notice. This Notice of Cancellation ("Notice") is provided to formally advise you that your order for the goods described below has been canceled, and your account with the Seller has been closed, as a result of your failure to make payment when due. This Notice is given in accordance with the terms of the agreement between the parties (the "Agreement") and the applicable provisions of the Uniform Commercial Code as enacted in ________, including without limitation those provisions governing a seller's remedies upon a buyer's breach.

§ 2. Description of Goods. The canceled order pertains to the following goods (the "Goods"):

________

§ 3. Order Date. The order for the Goods was placed on ________.

§ 4. Reason for Cancellation. The order for the Goods is being canceled due to your nonpayment of amounts due under the Agreement, which constitutes a material breach and an event of default.

§ 5. Amount Past Due. As of the date of this Notice, the following amount remains unpaid and past due:

Principal and charges due: $________ (________ Dollars).

Late fees, interest, and other charges (if any): $________

Interest continues to accrue on the unpaid balance at the rate of ________ per annum, or the maximum rate permitted by applicable law, whichever is less, until paid in full.

§ 6. Period of Default. You have been in default on payment of the above amount for the following period of time: ________.

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§ 8. Reinstatement. To reinstate your order for the Goods and your account, you must remit full payment of all amounts owed, as set forth in § 5 above, together with any additional interest, fees, and charges accruing through the date of payment. Upon the Seller's receipt of such full payment, the Seller may, in its sole discretion, reinstate the order and account. To arrange payment or reinstatement, please contact the Seller using any of the contact points listed below by no later than ________.

§ 9. Accepted Methods of Payment. Payment may be made by any of the following methods:

________

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§ 11. Disputes. If you dispute the validity of all or any portion of the amount stated as owed, you must notify the Seller in writing at the address below within thirty (30) days of the date of this Notice, setting forth the basis of your dispute. Absent such timely written notice, the amount stated will be deemed correct.

§ 12. Inquiries. If you have any questions regarding this cancellation or wish to arrange payment, please contact us using any of the following contact points:

________
________
Email: ________
Phone Number: ________

Sincerely,

By: ________

Name: ________

Title: ________

On behalf of: ________