Notice period: 3 months to the end of the quarter

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Whenever you want to end a contract, you will come across it: the notice period. Unfortunately, notice periods are not always easy to calculate. A prime example of this is the notice period of 3 months at the end of the quarter.

Make a note of the data for a better overview.
Make a note of the data for a better overview.

Notice periods: their meaning and purpose

  • Notice periods are inserted into contracts in order to protect the other contractual partner from a sudden termination of the contractual relationship. A contracting party wishing to terminate must give notice of its intention in good time.
  • The other contractual partner then has the opportunity to take appropriate precautions to terminate the contractual relationship.

3 months is not twelve weeks

  • It is often wrongly assumed that the term “month” corresponds exactly to the term “four weeks”. For a 3-month period, this would mean that it is equivalent to a 12-week period.
  • In fact, exact months can be assumed here. This means that on 12. submitted one month termination also only on 12. the following months can take effect.

End of quarter: determine the right time

  • The calendar year is divided into four quarters. The first quarter runs from 1. January to 31st March, the second quarter of 1. April to 30th June, the third quarter of 1. July to 31st August and the fourth quarter of 1. September to 31st December.
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  • This also determines the end of the quarter: in the first quarter this is the 31st March, in the second quarter of the 30th June, in the third quarter of the 31st August and in the fourth quarter of the 31st December.
  • With this background knowledge, it is easy to calculate a notice period of 3 months to the end of the quarter: Let's assume you speak on the 4th. March the termination of a contractual relationship. With a notice period of 3 months to the end of the quarter, you must March add 3 months. You will now get to the 4th in your calculation. June. The contract then ends at the next possible end of the quarter, in our example on the 30th June.

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