Drafting Skills · glossary

Deemed receipt

The moment the contract says a notice is received, whether or not anyone reads it. Under the Agreement, a posted notice arrives on the second business day after posting. An email sent after 5 p.m. counts on the next business day. Agreement, clause 17.2 · Chapter 8 · see Notice clause

Explained in Chapter 8, Boilerplate Clauses: Entire Agreement and Notices, of Drafting Skills.

How it comes up, in Chapter 8
The clause also says when a notice counts as received. This is deemed receipt: the contract fixes the moment, whether or not anyone reads the notice.
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Where this term lives

This term is part of one fictional contract, from term sheet to signing, with every document attached and a test after every chapter. Open Drafting Skills → · All terms A–Z →