Expiration refers to the conclusion or cessation of something. For instance, the date on which your insurance policy ends is known as the expiration date. The term “expire” is used to indicate when something has reached its conclusion or has ceased functioning.
Expiration is the point at which something comes to an end or reaches its closing date. It can pertain to the termination of a contract, agreement, or policy. For instance, the milk carton has an expiration date of tomorrow, so it must be consumed before then. Similarly, my driver’s licence is approaching its expiration date, necessitating its renewal. Additionally, our apartment lease has an expiration date of June 30th, requiring us to vacate the premises by that time. These instances exemplify how expiration signifies the conclusion of something. In the first scenario, the milk will no longer be suitable for consumption after its expiration date. In the second scenario, the driver’s licence will no longer be valid once it reaches its expiration date. Lastly, in the third scenario, the lease will no longer be in effect after its expiration date.
The expiration date of a contract is the date on which the contract ends and is no longer valid.
Yes, a contract can be extended beyond its expiration date if both parties agree to the extension and sign a new agreement.
If a contract expires without being renewed, the parties are no longer bound by the terms of the contract and are free to pursue other options.
Yes, there is a statute of limitations on legal claims, which varies depending on the type of claim and the jurisdiction in which it is filed.
In some cases, a statute of limitations can be extended if certain conditions are met, such as if the plaintiff was unable to file the claim due to a disability or other extenuating circumstances.
The expiration date of a patent is typically 20 years from the date of filing.
No, a patent cannot be extended beyond its expiration date.
A trademark does not have an expiration date as long as it is in use and the owner continues to renew it.
Yes, a trademark can be renewed after it has expired as long as the owner files a renewal application and pays the required fees.
A will does not have an expiration date, but it can be revoked or amended at any time by the testator.
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: 17th April 2024.
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