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Federal Act
on the Amendment of the Swiss Civil Code
(Part Five: The Code of Obligations)

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.