Advance Notice: noun
1. A formal notification or announcement provided in advance of an event, action, or change, allowing individuals or parties involved to prepare or make necessary arrangements.
2. A period of time specified in advance during which individuals or parties are informed about a forthcoming event, action, or change, enabling them to plan accordingly.
Example sentences:
– The company policy requires employees to give at least two weeks’ advance notice before resigning.
– The landlord provided the tenants with a 30-day advance notice before increasing the rent.
– The school administration sent out an advance notice to parents regarding the upcoming parent-teacher conference.
Advance notice refers to a requirement imposed by corporations that shareholders must provide notice to the company in advance of certain actions or proposals they wish to bring before a shareholders’ meeting. This notice period allows the company and other shareholders to adequately prepare for and consider the proposed action or proposal. The specific requirements for advance notice, including the deadline for submission and the information to be included in the notice, are typically outlined in the company’s bylaws or corporate governance documents. Failure to comply with the advance notice requirement may result in the proposed action or proposal being excluded from consideration at the shareholders’ meeting. Advance notice provisions are commonly used to ensure transparency, fairness, and efficiency in corporate decision-making processes.
Q: What is advance notice?
A: Advance notice refers to a notification or warning given in advance of a particular event, action, or change.
Q: Why is advance notice important?
A: Advance notice allows individuals or organisations to prepare, plan, and make necessary arrangements for the upcoming event or change. It helps avoid last-minute surprises and ensures a smooth transition.
Q: What are some common situations where advance notice is required?
A: Advance notice may be required in various situations, such as resigning from a job, terminating a lease agreement, scheduling a meeting, implementing policy changes, organizing events, or making significant changes to a business operation.
Q: How much advance notice is typically required?
A: The required advance notice can vary depending on the specific situation and the governing laws or regulations. It is advisable to check any relevant contracts, agreements, or legal requirements to determine the appropriate notice period.
Q: What should be included in an advance notice?
A: An advance notice should include essential details such as the date, time, and nature of the event or change, as well as any relevant instructions or requirements. It should also specify the intended recipients of the notice.
Q: How should advance notice be delivered?
A: Advance notice can be delivered through various means, including email, written letters, official memos, or in-person communication. The chosen method should be appropriate for the situation and ensure that the notice reaches the intended recipients in a timely manner.
Q: Can advance notice be waived or shortened?
A: In some cases, advance notice requirements can be waived or shortened by mutual agreement between the parties involved. However, it is important to consider any legal obligations or contractual terms before making such changes.
Q: What happens if advance notice is not provided?
A: Failure to provide advance notice may result in various consequences, depending on the situation. It could lead to legal disputes, financial penalties, strained relationships, or missed opportunities. It is generally advisable to comply with advance notice requirements to avoid any negative repercussions.
Q: Can advance notice be given verbally?
A: While verbal communication can be used to provide advance notice in certain situations, it is generally recommended to have written documentation to ensure clarity, avoid misunderstandings, and have a record of the notice.
Q: Is advance notice always required?
A: Advance notice is not always required, but it is often considered a professional and courteous practice. It helps maintain transparency, allows for proper planning, and fosters effective communication between
This site contains general legal information but does not constitute professional legal advice for your particular situation. Persuing this glossary does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.
This glossary post was last updated: 29th March 2024.
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