Common Sense
It is important to realize that failure to make partial contractual payments does not cause the contract to terminate. This point has been well established in law and is very much common sense.
For example, if I buy an asset and upgrade it by spending millions on the asset, be it a mine or whatever type of asset;
If I own you a payment of $100K on a given date, and I miss that payment;
You can not claim the contract is terminated and take back your asset.
You can only sue for damages on lost interest payments and the $100K that is due.
This is common sense law that a blind man could see.
Further, you need agreed settlement or court action to get damages.
You can not issue a sheet of paper saying the contract is terminated, then resell my asset without any court approval before the re-sale of assets.
The law on property rights is very well established.