Expiration
/ɪkˌspɪrəˈreɪʃən/
Definitions
- (n.) The ending of the period during which a legal right, contract, or agreement is valid.
The lease reached its expiration date last month.
- (n.) The termination of a patent, trademark, or other intellectual property right after its term ends.
The expiration of the patent allowed competitors to enter the market.
Forms
- expirations
Related terms
See also
Commentary
Expiration often marks a fixed point in time after which rights or obligations cease, so clarity in specifying the exact expiration date in legal drafting is crucial.
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.