Question 1

What is the difference between an expiration date and a notice window?

Accepted Answer

The expiration date is when the term ends; the notice window is the earlier period when the team must act to renew, terminate, or preserve an option.

Question 2

What should a team track for each notice window?

Accepted Answer

Track the trigger date, notice period, action deadline, delivery method, owner, escalation path, and source clause.