Completion Dates that Fall on a Non-Business Day

 

Q. If a condition date falls on a non-business day (eg. Sunday) is the condition date due on the prior Friday or the coming Monday?

 

A.  When any condition of a contract falls due on a weekend or public holiday then the due date is automatically extended to the next business day.

 

TIP– Whenever possible always check your calendar for a business day when completing the contract, this way the Buyers and Sellers will not be confused as to when dates are due.

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Andrew has over two decades experience in high growth fast moving consumer goods, agribusiness and professional services. Supporting the Ownit team to deliver on client expectations, and implementing processes to scale the organisation, is a key focus for Andrew.

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