Contractual Notice-based Provision
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A Contractual Notice-based Provision is a contractual provision that specifies the requirements and procedures for the contract parties to provide notices to each other in connection with the contract.
- AKA: Notice Provision.
- Context:
- It can cover various types of notices, such as notices of breach, termination, force majeure events, disputes, or other significant events or circumstances related to the contract.
- It can (often) include:
- It can range from being an Atomic Notice Provision to being a Detailed Notice Provision.
- It can range from being a Single Element Notice Provision, a Two Element Notice Provision, to being a Many Element Notice Provision.
- It can range from being a General Notice Provision to being a Contract-Specific Notice Provision.
- It can range from being an Unconditional Notice Provision (where the notice requirements apply to all notices under the contract) to being a Conditional Notice Provision (where the notice requirements apply only to certain types of notices or are subject to certain conditions).
- It can be crucial for maintaining formal communication and legal compliance within contractual relationships.
- Example(s):
- a Lease Agreement that requires tenants to notify the landlord 30 days before vacating the property.
- a Service Contract that mandates a written notice 60 days prior to contract termination.
- Counter-Example(s):
- Oral Agreements that rely on informal communication and do not specify formal notice procedures.
- Automatic Renewal Contracts that continue without the need for notice unless explicitly canceled by one party.
- See: Breach of Contract, Contract Modification.