Module 3 · Chapter 7

Time in Contracts: Deadlines, Periods and Business Days

A deadline works only if both sides count it the same way. This chapter shows how to pick the day a count starts, which days count, and when a fixed date does better.

≈ 7 min read 8-question test

In this chapter

  • How to start a count from a day both sides know
  • Which days count: business days, working days and months
  • When to fix a date, and how to keep it in the diary

7.1Deadlines in one paragraph

A deadline is the last day by which a party must act under a contract. A period is the stretch of time that runs up to it, such as a month. A deadline holds only if both sides count it the same way. So each one must say when the count starts, which days count and how long it runs.

Key point

Start every count from a day both sides know. Then say which days count, and write the number once.

Also in this chapter

  1. Count from a day both sides know
  2. Which days count: business days and working days
  3. A fixed date for the extension
  4. Your job

Preview

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