Search common contracting language and take a deeper dive to discover what each means
An Expiration Date is the ending of any fixed period during which a Contract is operational.
The expiration of a contract is generally happens upon completion - which is date driven. It is often perceived as a termination.
Businesses with manual contracting processes often lack visibility of contract expiration dates, putting their business at risks including:
Gatekeeper allows businesses to extract contract expiration dates into a central repository and use these dates to send notifications to contract owners.
By doing so, owners are alerted that contracts are reaching their expiry and action needs to be taken, whether that's a renewal or close-out.