Legal Definition
A cure period is a defined timeframe, often stipulated in a contract or legal proceeding, during which a party has the opportunity to remedy a breach of contract, such as a defect or deficiency, before the other party exercises a specific right to terminate or seek relief. It establishes a window for the injured party to fix a problem or dispute before the obligation is finalized or resolved.
Plain-English Translation
Imagine a time limit in a legal agreement where someone gets a chance to fix a mistake or problem before the other person decides to end the deal or take action. It's the time given to correct something before the whole thing ends.