Monday, November 13, 2017

Drop dead date

In trade and contract law, a drop dead date is a provision added to a legal or trade act, such as a contract or a court order.[1] Such a provision sets a last-delay date (hence the name drop dead date) past which certain consequences will automatically follow, such as cancelling the contract, taking property or entering a judgment.

In contract law, a typical drop dead date example is the contract for the baking of a birthday cake, where it is implied that a late delivery will constitute a material breach.

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