Nachfrist
Nachfrist is a term used in civil and commercial law to describe a deadline granted by a creditor to a debtor who is in default or at risk of default in order to fulfill an obligation. It serves as a grace period that allows the debtor one last opportunity to perform before the creditor may react to the breach. The concept is most closely associated with German law (BGB) but appears in similar form in other civil-law systems.
A Nachfrist is typically set after a breach has occurred or is imminent and requires a clearly
If the debtor fails to perform within the Nachfrist, the creditor generally gains the right to withdrew
In practice, a Nachfrist is a common instrument in sales, service, and work contracts to avoid automatic