DEMAND LETTER - BREACH OF CONTRACT
State of Arkansas
[LAW FIRM NAME]
Attorneys at Law
[FIRM ADDRESS]
[CITY], Arkansas [ZIP]
Tel: [TELEPHONE]
Arkansas Bar No. [BAR NUMBER]
SENT VIA CERTIFIED MAIL, RETURN RECEIPT REQUESTED
[DATE]
[RECIPIENT NAME]
[COMPANY NAME]
[ADDRESS]
[CITY, STATE ZIP]
Re: Formal Demand - Breach of Contract
Contract Date: [DATE]
Our Client: [CLIENT NAME]
Demand Amount: $[TOTAL]
Dear [RECIPIENT NAME]:
This firm represents [CLIENT NAME] regarding the above-referenced Contract. You have materially breached the Contract, and we demand immediate cure and compensation.
I. BACKGROUND
On [DATE], our Client and you entered into the Contract for [DESCRIBE]. You have breached by:
☐ Breach #1: [DESCRIBE]
☐ Breach #2: [DESCRIBE]
II. ARKANSAS CONTRACT LAW
Under Arkansas law, the elements of breach of contract are: (1) existence of a valid agreement; (2) obligation of the defendant; (3) breach of that obligation; and (4) damages. See Rabalaias v. Barnett, 284 Ark. 527, 683 S.W.2d 919 (1985).
III. DAMAGES
A. Compensatory Damages
| Category | Amount |
|---|---|
| Direct Damages | $[AMOUNT] |
| Consequential Damages | $[AMOUNT] |
| SUBTOTAL | $[SUBTOTAL] |
B. Prejudgment Interest
Under Ark. Code Ann. section 4-57-104, interest at the contract rate or 6% per annum if no rate specified.
C. Attorney Fees
[IF CONTRACTUAL:] The Contract provides for attorney fees.
IV. STATUTE OF LIMITATIONS
Under Ark. Code Ann. section 16-56-111, contract claims must be brought within 5 years. This claim is timely.
V. DEMAND
Within [30] days, pay $[TOTAL] or cure the breach.
VI. CONSEQUENCES
Failure to comply will result in suit in Arkansas Circuit Court seeking all damages, interest, and costs.
[LAW FIRM NAME]
By: _______________________________
[ATTORNEY NAME]
Arkansas Bar No. [BAR NUMBER]
cc: [CLIENT NAME]