When is a contract concluded

when is a contract concluded

when is a contract made

when is a contract made between buyer and seller

when is a contract signed

Contract conclusion example!

Understanding contract duration: how long should a contract last?

Who decides the duration of a contract?

The duration of a contract is determined by all of the contract parties, like all other contract terms.

Usually, one contract party will draft a contract and propose a specific contract duration.

Conclusion of contract meaning

Conclude contract synonym

Contract conclusion example

It is a well-established principle of law that only when an offer is accepted that the contract is concluded and binds the parties.

Conclusion of the contract means the date from which you continue to provide us with instructions following receipt of our terms.

When the contract is reviewed by a counterparty, they then decide whether to approve this contract term or to negotiate it instead.

Once both parties have reached an agreement regarding the contract duration (and other terms), the legal document then goes out for signing, and the period is finalized using either wet ink or an electronic signature.

Is there an ‘optimal’ contract duration?

Interestingly, there’s a common misconception that there’s an ‘optimal’ contract duration for business contracts.

Whilst this is true of certain categories of commercial agreements, how long a contract lasts should depend on various different factors, including but not limited to:

❓The nature of the contract

How long a contract ought to last depends largely on what type of contract it is.

when is a contract deemed to have been concluded

what is a contract end date