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Notification Date

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Notification date
The day the option is either exercised or expires.

Notification Date
1. The date by which one party to a contract must inform the other of the former's intent to either renew or withdraw from the contract. This especially applies to housing leases, marketing contracts, and long-term business arrangements. Some contracts renew automatically if neither party cancels by the notification date, while others require notification either way. For example, a rental agreement ending on August 1 may contain a requirement that the renter inform the landlord by May 1 whether or not he/she intends to renew the lease.

2. In options, see expiration date.


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According to the CMA, a decision by the CRSD may be appealed to the Appeal Panel within 30 days of the notification date.
The premarket notification date for the Composix Kugel Mesh Patch was January 22, 2001, and the product was placed on the market soon after.
The key to avoiding claims is to introduce and maintain an effective diary system identifying retirement and notification dates.
 
 
 
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