Commencement
/kəˈmɛnsmənt/
Definitions
- (n.) The act or instance of beginning or starting something, especially a legal or contractual obligation.
The commencement of the contract shall be on January 1st.
- (n.) The date on which a lease, agreement, or legal event begins to take effect.
The lease commencement date is fixed as the first day of April.
See also
Commentary
Commonly used to specify starting points in contracts; clarity on exact commencement date prevents disputes.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.