This Notice to Owner of Obligation Arising from Contract is for use by an individual who has a claim against an owner and a contractor to secure payment for obligations arising out of the performance of work under a contract to provide notice to the owner of such obligation prior to the filing of a notice of termination of the work or the substantial completion or abandonment of the work, if a notice of termination is not filed. The notice includes the nature of the work or services performed by the individual to whom the obligation is owed and his or her mailing address. After receipt of this notice, the owner must notify the individual as required by R.S. 9:4842(A) within three days of filing a notice of termination of the work or the substantial completion or abandonment of the work, if a notice of termination is not filed. If the owner fails to give notice to the individual within ten days of commencement of the period for preservation of claims and privileges, the owner will be liable for all costs and attorney's fees for the establishment and enforcement of the claim or privilege.