This document is for use when a buyer wishes to terminate a contract on the grounds that a seller has breached a condition. A condition is a term the breach of which entitles the buyer to rescind the contract in its entirety and sue for damages. Please note that breach of a warranty, which will relate to the main purpose of such a contract, does not entitle the buyer to rescind the contract and they are entitled to sue for damages only. This document allows the buyer to seek compensation for losses. Although this notice will terminate the contract in the sense that it will end both parties' obligations to perform any further actions under the contract, the contract still continues to be in place in the sense that a claim for compensation can be made for breach of contract.
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