Simple English definitions for legal terms
Read a random definition: accelerated disclosure
Term: Effective Date
Definition: The effective date is the day when a law, agreement, or other legal document becomes valid and can be enforced. It may not be the same day as when it was signed or created.
The effective date refers to the date on which a legally binding agreement, such as a contract or statute, becomes enforceable and takes effect. This date may or may not be the same as the date on which the agreement was signed or executed.
These examples illustrate how the effective date is the date on which an agreement or law becomes enforceable, even if it was signed or executed on a different date.