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As of: A Comprehensive Guide to Its Legal Meaning and Applications
Definition & Meaning
The phrase "as of" refers to a specific point in time when an agreement, condition, or legal document becomes effective. It indicates the date to which particular information is relevant or applicable. This term is often used to convey the most current information available, and it can also apply to future dates when events are expected but not yet confirmed. For instance, you might say, "The report will be available online as of 5 o'clock."
Table of content
Legal Use & context
"As of" is commonly used in various legal contexts, including contracts, agreements, and legal filings. It is particularly relevant in civil law, where it helps clarify the effective date of obligations or rights. Users can find forms and templates related to agreements that utilize this term on platforms like US Legal Forms, which are designed to assist individuals in managing their legal needs effectively.
Key legal elements
Real-world examples
Here are a couple of examples of abatement:
For example, a lease agreement might state, "The rental payments will be due as of the first of each month." This clarifies when the payment obligation begins.
(Hypothetical example) A company may announce, "The new policy will take effect as of January 1, 2024," indicating the future date when the policy will be applicable.
Comparison with related terms
Term
Definition
Difference
Effective Date
The date on which a legal document takes effect.
"As of" can refer to both past and future dates, while "effective date" typically refers only to the start date.
Commencement Date
The date when a contract or agreement begins.
"As of" may indicate a broader context, including when obligations accrue or apply.
Common misunderstandings
What to do if this term applies to you
If you encounter the term "as of" in a legal document, ensure you understand the specific date it references. If you are drafting or reviewing an agreement, consider using templates from US Legal Forms to help clarify the effective dates and obligations. If the situation is complex, consulting a legal professional may be beneficial.
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