Notice Period
Notice Period - This clause specifies the amount of time that must be given by a party before terminating a contract. It allows both parties to prepare for the termination and ensures that the other party has sufficient time to find a replacement or alternative solution. It is an important clause that helps prevent disputes from arising.
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Let’s Make it Easy to Manage Your Contracts
- Scale your legal - Get organized and use guidelines / checklists / playbooks to improve efficiency of contract reviews