cure
Definition
In contract law, a cure is the right of a party who has made a mistake or failed to meet an obligation to fix the problem within a set period of time before facing serious consequences. Think of it as a second chance built into many contracts that gives someone the opportunity to correct a breach before the other party can cancel the deal or sue.
Example
If your lease says your landlord must give you 30 days to cure a violation, and you accidentally put up a sign that breaks the rules, you have 30 days to take it down before the landlord can move to evict you.
Watch Out
Always check whether your contracts include a cure period and how long it lasts, because some agreements give you no right to cure at all, meaning one mistake can immediately trigger a lawsuit or termination.
See which terms appear in your contract?
This definition is for informational purposes only and does not constitute legal advice. Please consult with a licensed attorney for legal guidance.