Disclaimer statement: This video link from youtube. The point of this video or rights belongs to the authors and publishers. We take no responsibility for the content of this video and legitimacy.
Do you have any questions about this video, please contact the video source.
Or contact us
|This article does not cite any references or sources. (December 2009)|
In trade and contract law, a drop dead date is a provision added to a legal or trade act, such as a contract or a court order. Such a provision sets a last-delay date (hence the name drop dead date) past which certain consequences will automatically follow, such as cancelling the contract, taking property or entering a judgment.
In contract law, a typical drop dead date example is the contract for the baking of a birthday cake, where it is implied that a late delivery will constitute a material breach.
In German and Swiss Law, this is called a "Fixgeschäft".
|This legal term article is a stub. You can help Wikipedia by expanding it.