In plain English
This refers to the specific calendar date when the contract is no longer active. It marks the point when the termination actually takes effect and the contract ends.
In context
Here, it names the date to record for when the contract stops being active because the termination has taken effect.
- Situation
- Processing amendments, renewals, extensions, suspension, and termination
- What it communicates
- labels the date field when the contract stops being active
Meaning limits
By itself, this term does not state the reason for the termination or any other date related to the contract.
Examples
“Although the notice was sent in May, the termination effective date was 30 June, when the contract ended.”
“The clerk recorded 30 June as the termination effective date in the file.”