What is a notice period?

Answer:
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.
First answer by Youneac. Last edit by Youneac. Contributor trust: 1 [recommend contributor recommended]. Question popularity: 2 [recommend question].