Effective Period
/ɪˈfɛktɪv ˈpɪəriəd/
Definitions
- (n.) The duration during which a legal instrument, agreement, or statute is operative and enforceable.
The effective period of the lease begins on the date of signing and lasts for one year.
- (n.) The timeframe within which certain legal rights, obligations, or conditions take effect or apply.
The policy's effective period dictates when coverage starts and ends.
Forms
- effective periods
Related terms
See also
Commentary
The term 'effective period' often clarifies the active timeframe for enforceability and may be critical in interpreting contractual and statutory provisions.
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.