What does a notice period of 3 months to the end of a quarter mean?
Meaning of the Notice Period “3 Months to the End of a Quarter”
At selecdoo, a notice period of three months to the end of a quarter means that contracts can only be terminated at the end of a calendar quarter. The decisive factor is that the written notice of termination must reach the contractual partner no later than three months before the respective quarter ends.
The relevant quarter-end dates are March 31, June 30, September 30, and December 31 of each year. If the deadline is not met, the termination automatically shifts to the next quarter-end date.
Example: If notice is given after September 30, it can no longer take effect on December 31 but only on March 31 of the following year. A termination issued on October 22, 2025, would therefore take effect on March 31, 2026.
In short, the phrase “3 months to the end of a quarter” describes a contractual term that can only be ended four times a year and requires a three-month notice period in advance.