Question
Termination by notice
Notice is a pre-determined date or period whereby the contract is to run or expected to end, as
agreed by the parties. Termination by notice thus involves the invocation of a predetermined date
or period in order to bring an end to the contract. This may be contractual, based on the
agreement of the parties, or statutory73 EXPLAIN IN SIMPLER TERMS
Notice is a pre-determined date or period whereby the contract is to run or expected to end, as
agreed by the parties. Termination by notice thus involves the invocation of a predetermined date
or period in order to bring an end to the contract. This may be contractual, based on the
agreement of the parties, or statutory73 EXPLAIN IN SIMPLER TERMS
Answers
GPT-4o mini
Termination by notice means that a contract can end on a specific date or after a certain period of time, as agreed by the people involved. This can happen either because the contract itself says so or because the law requires it. In simple terms, it’s when one party gives formal notice to the other, saying they want to end the contract, following the rules everyone accepted when they agreed to the contract.