Most well-drafted Construction Contracts require the non-defaulting party to provide the defaulting party with written Notice of Default and an opportunity to cure the default before the Contract can be terminated. Even if the Contract does not require formal Notice before terminating the relationship, it is typically in the non-defaulting party’s best interest to do so. A Notice of Default should specifically identify the applicable Contractual Notice provision, clearly identify each event of default, incorporate supporting evidence of the default and demand that the default be cured within the contractually mandated deadline. In addition, a Notice of Default typically includes reference to other applicable statutes and demands, such as: (1) a demand for Project accounting under the Trust Fund Statute, and (2) identification and demand for damages as a result of the default.