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The official phrase is "period of notice". It signifies how far beforehand you have to notify the partner in a contract of your intent to break that contract. E.g. a period of notice of one month on a lease requires you to announce before end of May if you want to break the lease by end of June of that same year.

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14y ago
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9y ago

A notice period is the time alloted between being told your employment has been terminated and the date your termination will be actual.

Depending on the terms of your contract it may be a week, month or several months.

In many cases the termination period will be 'paid' in lieu of time served.

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Q: What is Employment notice of termination?
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