If the Buyer fails to pay the price at the agreed time, the Seller shall fix to
the Buyer an additional period of time of (specify the length, e.g. 7 days, 14
days, 30 days, etc. or opt for a “period of time of reasonable length”) for
performance of payment. If the Buyer fails to pay the price at the expiration of
the additional period, the Seller may declare this contract avoided in
accordance with Article 11 of this contract.