Reserve rights under contract

When one party to a contract believes that the other party has breached the contract, they may want to send a notice of reservation of rights. This notice puts the other party on notice that they believe there has been a breach and that they are reserving their rights to take legal action. A reservation of rights may also be used when one party to a contract wants to make a change to the contract and the other party does not agree to the change. The party who wants to make the change can send a notice of reservation of rights, which puts the other party on notice that they are still bound by the contract but that they are reserving their right to make the change. Finally, a reservation of rights may be used when one party to a contract wants to terminate the contract but the other party does not agree to the termination. The party who wants to terminate the contract can send a notice of reservation of rights, which puts the other party on notice that they are still bound by the contract but that they are reserving their right to terminate the contract.