A drop dead date, in legal and business contexts, refers to a deadline by which a particular action must be completed or a condition must be met. It’s an absolute cut-off point beyond which there is no further opportunity to act or negotiate. Failure to meet the drop dead date can result in severe consequences, such as the cancellation of a contract, the termination of an agreement, or the loss of certain rights or privileges. These dates are often explicitly stated in contracts, agreements, or legal documents to ensure clarity and enforceability.
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This glossary post was last updated: 29th March 2024.
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