contract expiration

Deal runs out

Contract expiration is the date when an agreement ceases to be in force.

At expiration, the parties are released from their obligations unless they renew or extend: The lease's contract expiration is December 31st.

In sports, a player whose contract expires becomes a free agent.

In trading, options and futures have fixed expiration dates after which they become worthless.

Related

severability · lapse · walk away · exit clause · rescission · revenue loss · termination clause · cooling-off period · force majeure · grace period · renewal notice · penalty fees · arbitration · indemnity · milestone · contingency plan · audit trail · opportunity cost

Opposites
contract lifecycle stage

contract expirationcontract signing

Formalizing a legal agreement

contract execution · deal closing · effective date · contract negotiation

contract continuation status

contract expirationcontract renewal

Extending an existing agreement

contract extension · automatic renewal · rollover · auto-renewal

manner of contract ending

contract expirationcontract breach

Failure to meet agreement

contract cancellation · early termination · material breach · contract termination · wrongful termination

Family

contract, expiration, contracts, contracted, contracting, contractor, contractors, contraction, contractions

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