Business Day Clause

Summary

These clauses define business day and business hours and can be used in commercial contracts. These clauses include practical guidance and drafting notes. Providing this definition ensures both parties have the same understanding, as often payment terms and technical assistance terms hinge upon the definition of business day. For related clauses, see Computation of Time Clause and Definitions Clause (Intercreditor Agreement). For a discussion of how definitions of terms may be precise, enlarging or limiting, see Definitions Clause.