Legal Definitions - expiration

Expiration refers to the formal conclusion or termination of a legal agreement, right, or period, typically occurring on a predetermined date. It signifies the point at which something ceases to be valid or effective.

• Example 1: Residential Lease Agreement
  A tenant signs a lease agreement for an apartment that specifies a rental period from January 1, 2023, to December 31, 2023. On December 31, 2023, the lease reaches its expiration. This means the tenant's legal right to occupy the apartment under that specific agreement formally ends on that date, unless a new agreement is made or the lease terms allow for automatic renewal.

• Example 2: Driver's License Validity
  A state issues a driver's license to an individual, with a printed validity period indicating it is good until June 15, 2028. On June 15, 2028, the driver's license reaches its expiration. After this date, the individual is no longer legally authorized to drive using that particular license and must renew it to maintain their driving privileges.

• Example 3: Fixed-Term Employment Contract
  A company hires a consultant for a specific project under a contract that states the employment will run from March 1, 2024, to August 31, 2024. On August 31, 2024, the employment contract reaches its expiration. This signifies the formal end of the consultant's engagement with the company under the terms of that specific agreement, unless a new contract is negotiated.