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A commencement date is defined as the date that a contract or legal agreement becomes effective. In other words, a commencement date marks the point at which a contract officially begins and binds the parties involved. This is also known as the contract's effective date.
Related to Scheduled date of Commencement the commencement date means the date on which the Contract shall take effect, as notified by the Authority to the Contractor in a letter awarding the Contract. Commencement Date of the Contract means the date of signing of the Contract between the Purchaser and the Contractor.
Estimated Commencement Date means the estimated date of when the Company envisages that it will perform the Services. ?
Commencement Date means the date fourteen (14) days after the date the Contract comes into effect or any other date named in the Contract Data. Commencement Date means the date of this Agreement. Commencement Date means, notwithstanding the Signature Date, the date specified in the Contract Schedule.
For example, let's say you sign a lease for an apartment on May 1st. The lease has a commencement date of June 1st. This means that the terms of the lease (such as rent amount and length of tenancy) will not be binding until June 1st.