Section 2-609 of the Uniform Commercial Code provides:
(1) A contract for sale imposes an obligation on each party that the other's expectation of receiving due performance will not be impaired. When reasonable grounds for insecurity arise with respect to the performance of either party the other may in writing demand adequate assurance of due performance and until he receives such assurance may if commercially reasonable suspend any performance for which he has not already received the agreed return.
(2) Between merchants the reasonableness of grounds for insecurity and the adequacy of any assurance offered shall be determined according to commercial standards.
(3) Acceptance of any improper delivery or payment does not prejudice the aggrieved party's right to demand adequate assurance of future performance.
(4) After receipt of a justified demand failure to provide within a reasonable time not exceeding thirty days such assurance of due performance as is adequate under the circumstances of the particular case is a repudiation of the contract.
Phoenix, Arizona is a vibrant city located in the southwestern part of the United States. Known for its warm weather, stunning desert landscapes, and a thriving urban scene, Phoenix is a popular destination for tourists and a desirable place to live for many. In legal terms, a "Notice of Demand for Assurance of Performance Due to Delegation of Performance of Agreement" in Phoenix, Arizona refers to a legal document that is used to ensure that a certain party involved in an agreement fulfills their obligations as delegated or assigned. This notice is often issued when there is a concern that the delegated performance may not meet the agreed-upon terms or standards. There are different types of Phoenix, Arizona Notice of Demand for Assurance of Performance Due to Delegation of Performance of Agreement, which may vary based on the nature of the agreement and the specific circumstances. Some common variations of this notice may include: 1. Construction Contract Notice of Demand for Assurance of Performance Due to Delegation of Performance of Agreement: This type of notice is typically used in construction projects where subcontractors or third-party service providers are involved. It ensures that the assigned party fulfills their obligations as per the construction contract. 2. Business Contract Notice of Demand for Assurance of Performance Due to Delegation of Performance of Agreement: This notice may be used in business partnerships or commercial agreements where one party delegates certain tasks to another party. It demands assurance that the assigned party will fulfill their delegated responsibilities as stated in the agreement. 3. Service Contract Notice of Demand for Assurance of Performance Due to Delegation of Performance of Agreement: This type of notice is prevalent in service-based industries where one party delegates the provision of services to another party. It seeks assurance that the assigned party will perform their delegated services satisfactorily. In conclusion, a Phoenix, Arizona Notice of Demand for Assurance of Performance Due to Delegation of Performance of Agreement is a legal document used to ensure that the assigned party fulfills their delegated obligations as per the agreement. It can vary in type based on the specifics of the agreement, such as construction, business, or service contracts.Phoenix, Arizona is a vibrant city located in the southwestern part of the United States. Known for its warm weather, stunning desert landscapes, and a thriving urban scene, Phoenix is a popular destination for tourists and a desirable place to live for many. In legal terms, a "Notice of Demand for Assurance of Performance Due to Delegation of Performance of Agreement" in Phoenix, Arizona refers to a legal document that is used to ensure that a certain party involved in an agreement fulfills their obligations as delegated or assigned. This notice is often issued when there is a concern that the delegated performance may not meet the agreed-upon terms or standards. There are different types of Phoenix, Arizona Notice of Demand for Assurance of Performance Due to Delegation of Performance of Agreement, which may vary based on the nature of the agreement and the specific circumstances. Some common variations of this notice may include: 1. Construction Contract Notice of Demand for Assurance of Performance Due to Delegation of Performance of Agreement: This type of notice is typically used in construction projects where subcontractors or third-party service providers are involved. It ensures that the assigned party fulfills their obligations as per the construction contract. 2. Business Contract Notice of Demand for Assurance of Performance Due to Delegation of Performance of Agreement: This notice may be used in business partnerships or commercial agreements where one party delegates certain tasks to another party. It demands assurance that the assigned party will fulfill their delegated responsibilities as stated in the agreement. 3. Service Contract Notice of Demand for Assurance of Performance Due to Delegation of Performance of Agreement: This type of notice is prevalent in service-based industries where one party delegates the provision of services to another party. It seeks assurance that the assigned party will perform their delegated services satisfactorily. In conclusion, a Phoenix, Arizona Notice of Demand for Assurance of Performance Due to Delegation of Performance of Agreement is a legal document used to ensure that the assigned party fulfills their delegated obligations as per the agreement. It can vary in type based on the specifics of the agreement, such as construction, business, or service contracts.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.
