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Federal Act on the Amendment of the Swiss Civil Code (Part Five: The Code of Obligations)
of 30 March 1911 (Status as of 1 January 2023)
Art. 102
B. Default of obligor
I. Requirement
1 Where an obligation is due, the obligor is in default as soon as he receives a formal reminder from the obligee.
2 Where a deadline for performance of the obligation has been set by agreement or as a result of a duly exercised right of termination reserved by one party, the obligor is automatically in default on expiry of the deadline.