Default Payment Notice
Default Payment Notice
[Date]
[Recipient's Name]
[Recipient's Address]
Dear [Recipient's Name],
I am writing to bring to your attention the matter of outstanding payment under our contractual agreement dated [Date]. Despite repeated reminders and the agreed-upon terms, we regret to inform you that as of the specified deadline, payment has not been received.
This serves as formal notice of default on your part. According to the terms outlined in our contract [Contract Number/Reference], payment was due on [Due Date]. However, to date, we have not received the designated amount of [Amount] in full.
Please be advised that failure to rectify this matter promptly may result in further action, which may include legal recourse to recover the outstanding debt. We kindly request you fulfill your obligation and make the payment within the next [number of days] days. Please refer to your contract to ensure all obligations attached to the payment terms are met.
Should there be any dispute regarding the payment or if you require further clarification on the matter, please do not hesitate to contact us immediately at [Your Company Number].
We trust that you will treat this matter with the urgency it warrants and take the necessary steps to settle the outstanding payment at your earliest convenience.
Yours sincerely,
[Your Name]
[Your Position]
[Your Company Name]
[Your Company Email]
