In plain English
It is a duty created by the contract to formally tell the other side something. The contract sets how that communication must be given and when it must be given. It is tied to a particular event, intention, or action that has happened or is going to happen.
In context
Here, "notice requirement" names the need for that action item to include giving the other party the contractually required notice in the stated manner and within the stated time about the specified event, intention, or action.
- Situation
- Tracking obligations, deliverables, milestones, notices, and deadlines
- What it communicates
- names the need to give notice for the action item.
Meaning limits
By itself, the term does not say what the notice method or deadline is, only that the contract specifies them.
Examples
“Under the lease, the tenant met the notice requirement by writing to the landlord within ten days to say that she would vacate the property.”
“The cancellation action still carries a notice requirement, so the other party must be told as the contract directs.”