contract term end date meaning / How would you define "Term Date" in a legal contract?

contract term end date meaning

contract term end date meaning

Precision is necessary to ensure that the management team is aware of when they need to comply with a contract and act to renew it if necessary. Once both parties have reached an agreement regarding the contract duration and other terms , the legal document then goes out for signing, and the period is finalized using either wet ink or an electronic signature. Tenant shall have no rent payment obligations hereunder until the Rent Commencement Date, but shall be allowed to take possession of the Leased Premises following issuance of said certificate of occupancy or prior thereto with the consent of Landlord. Term Date means either the date one year following the termination date or, if this date falls on a non-business day, it is the business day immediately preceding it. This Agreement shall commence on the Commencement Date and shall continue for an initial period of five years until terminated in the manner described in Clause 16 below. Fortunately, there's a way to make sure you never miss a contract expiration date again. Second, when does it end?

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CONTRACT TERM END DATE MEANING / morphy.info