When are contract notifications typically sent out?

Contract notifications are typically sent out at intervals of 30, 60, and 90 days prior to critical contract milestones. These milestones can include renewal dates, termination dates, or deadlines for exercising options. The rationale behind these timeframes is to provide organizations with adequate notice to review contract terms, make any necessary adjustments, or engage in negotiations. By sending notifications at these intervals, businesses ensure they have sufficient time for thorough assessments and to coordinate with relevant stakeholders.

The 30, 60, and 90-day timeframe balances the need for timely communication and sufficient lead time, allowing organizations to avoid last-minute decisions that could lead to oversights or unfavorable contract terms. This structured approach not only helps manage contractual obligations effectively but also aligns with best practices in contract lifecycle management, ensuring that decisions are strategic and informed.