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The Late Notice Letter is a critical document in Swiss commercial practice, used when one party needs to formally notify another about a default or delay in meeting contractual obligations. Under Swiss law, particularly the Code of Obligations (OR), such formal notice (Mahnung) is often a prerequisite for pursuing legal remedies or initiating debt collection proceedings. The document must clearly identify the parties, specify the nature of the default, state the outstanding obligations, provide a reasonable deadline for remedy, and outline potential consequences of non-compliance. It serves multiple purposes: establishing a formal record of the default, providing the defaulting party with a final opportunity to perform, and creating a legal basis for potential enforcement actions. The timing and content of a Late Notice Letter can have significant legal implications, making it essential to draft it carefully and in compliance with Swiss legal requirements.

1. Sender Details: Full legal name and address of the sending party

2. Recipient Details: Full legal name and address of the defaulting party

3. Date: Date of the notice

4. Reference Line: Clear reference to the relevant contract or obligation

5. Default Statement: Clear statement of the nature of the default (e.g., missed payment, delayed performance)

6. Payment/Performance Details: Specific details of what is owed or outstanding, including amounts, dates, and reference numbers

7. Demand for Remedy: Clear statement of what action is required from the recipient

8. Deadline: Specific deadline for remedying the default

9. Legal Consequences: Statement of legal consequences if the default is not remedied

10. Signature Block: Formal signature section with name and title of authorized signatory