Drop dead date
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In trade and contract law, a drop dead date is a provision added to a legal or trade act, such as a contract or a court order.[1] Such a provision sets a last-delay date (hence the name drop dead date) past which certain consequences will automatically follow, such as cancelling the contract, charging a late fee, or entering a judgment.[2]
In contract law, a typical drop dead date example is the contract for the baking of a birthday cake, where it is implied that a late delivery will constitute a material breach.[3]
In German and Swiss Law, this is called a "Fixgeschäft".[4]
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