Inception Date definition: Copy, customize, and use instantly
Introduction
The term "Inception Date" refers to the starting point of an agreement, policy, contract, or financial instrument. It establishes the official commencement of rights, obligations, and provisions outlined within the document. Accurately defining the inception date is crucial for ensuring enforceability, tracking performance, and determining key deadlines.
Below are various examples of how "Inception Date" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Inception Date" as the commencement of an insurance policy
This definition ties "Inception Date" to insurance policy activation.
"Inception Date" means the date on which an insurance policy becomes effective, establishing the period of coverage as specified in the policy terms.
Definition of "Inception Date" as the start of a loan agreement
This definition connects "Inception Date" to loan contract execution.
"Inception Date" refers to the date on which the loan agreement is executed and funding is made available to the borrower.
Definition of "Inception Date" as the initiation of a lease contract
This definition applies "Inception Date" to lease agreements.
"Inception Date" means the date on which the lease term begins, as specified in the lease agreement, establishing the lessee's rights and obligations.
Definition of "Inception Date" as the beginning of a financial instrument
This definition ties "Inception Date" to financial products.
"Inception Date" refers to the date on which a financial instrument, such as a bond or derivative contract, is issued and becomes active.
Definition of "Inception Date" as the effective date of an employment contract
This definition connects "Inception Date" to employment agreements.
"Inception Date" means the date on which an employee’s contractual obligations and benefits commence under their employment agreement.
Definition of "Inception Date" as the official start of a joint venture
This definition applies "Inception Date" to business partnerships.
"Inception Date" refers to the date on which a joint venture formally begins operations under the terms of the agreement between the parties.
Definition of "Inception Date" as the activation of an investment fund
This definition ties "Inception Date" to investment fund initiation.
"Inception Date" means the date on which an investment fund begins operations, allowing investors to contribute capital under the fund’s terms.
Definition of "Inception Date" as the starting point of a corporate entity
This definition connects "Inception Date" to company formation.
"Inception Date" refers to the official date on which a corporate entity is legally formed and registered with the appropriate regulatory body.
Definition of "Inception Date" as the start of a research study
This definition applies "Inception Date" to research and clinical trials.
"Inception Date" means the date on which a research study or clinical trial officially begins, as determined by the approval of the relevant regulatory authority.
Definition of "Inception Date" as the launch date of a pension plan
This definition ties "Inception Date" to retirement fund operations.
"Inception Date" refers to the date on which a pension plan becomes active and begins accruing benefits for eligible participants.
Definition of "Inception Date" as the first day of service under a contract
This definition connects "Inception Date" to service agreements.
"Inception Date" means the date on which a service provider begins delivering services under a contractual arrangement.
Definition of "Inception Date" as the issuance date of a credit facility
This definition applies "Inception Date" to credit agreements.
"Inception Date" refers to the date on which a credit facility agreement is executed and funds are made available for borrowing.
Definition of "Inception Date" as the commencement of a software license
This definition ties "Inception Date" to software agreements.
"Inception Date" means the date on which a software license becomes effective, granting the licensee rights to use the software as specified.
Definition of "Inception Date" as the start of a construction project
This definition connects "Inception Date" to construction contracts.
"Inception Date" refers to the date on which a construction project officially begins, following contract execution and permit approval.
Definition of "Inception Date" as the beginning of a fixed-term agreement
This definition applies "Inception Date" to contracts with specific durations.
"Inception Date" means the date on which a fixed-term contract commences, determining the period of validity for the agreement.
Definition of "Inception Date" as the initial approval date of a patent
This definition ties "Inception Date" to intellectual property rights.
"Inception Date" refers to the date on which a patent application is officially approved, establishing the start of its legal protection period.
Definition of "Inception Date" as the initiation of a stock option plan
This definition connects "Inception Date" to equity compensation.
"Inception Date" means the date on which a stock option plan becomes active, enabling participants to exercise their granted options.
Definition of "Inception Date" as the execution date of a merger agreement
This definition applies "Inception Date" to corporate mergers.
"Inception Date" refers to the date on which a merger agreement is formally executed, marking the beginning of the integration process.
Definition of "Inception Date" as the activation of an escrow arrangement
This definition ties "Inception Date" to escrow transactions.
"Inception Date" means the date on which escrow terms take effect, allowing funds or assets to be held until contract conditions are met.
Definition of "Inception Date" as the start of a licensing agreement
This definition connects "Inception Date" to intellectual property licensing.
"Inception Date" refers to the effective date on which a licensing agreement becomes enforceable, granting rights to use the licensed property.
Definition of "Inception Date" as the commencement of a franchise agreement
This definition ties "Inception Date" to franchise operations.
"Inception Date" means the date on which a franchise agreement becomes effective, allowing the franchisee to operate under the franchisor’s brand.
Definition of "Inception Date" as the effective date of a debt instrument
This definition connects "Inception Date" to debt issuance.
"Inception Date" refers to the date on which a debt instrument, such as a bond or promissory note, is issued and begins accruing interest.
Definition of "Inception Date" as the initiation of an outsourcing agreement
This definition applies "Inception Date" to third-party service contracts.
"Inception Date" means the date on which an outsourcing service provider assumes responsibility for the contracted services.
Definition of "Inception Date" as the start of a renewable energy project
This definition ties "Inception Date" to sustainability projects.
"Inception Date" refers to the date on which a renewable energy project, such as solar or wind farms, begins operations under its contractual terms.
Definition of "Inception Date" as the launch of a new banking product
This definition connects "Inception Date" to financial product rollouts.
"Inception Date" means the date on which a bank officially launches a new financial product for customer access and use.
Definition of "Inception Date" as the commencement of a marketing campaign
This definition applies "Inception Date" to promotional activities.
"Inception Date" refers to the official start date of a marketing campaign, marking the beginning of planned advertising and outreach efforts.
Definition of "Inception Date" as the beginning of a strategic alliance
This definition ties "Inception Date" to business partnerships.
"Inception Date" means the date on which a strategic alliance between two or more entities is formalized and implemented.
Definition of "Inception Date" as the activation of a government contract
This definition connects "Inception Date" to public sector agreements.
"Inception Date" refers to the date on which a government contract takes effect, requiring compliance with its specified terms.
Definition of "Inception Date" as the start of a healthcare benefits plan
This definition applies "Inception Date" to medical coverage agreements.
"Inception Date" means the date on which an employee or individual becomes eligible for healthcare benefits under an insurance or employer-sponsored plan.
Definition of "Inception Date" as the beginning of a joint development agreement
This definition ties "Inception Date" to collaborative innovation.
"Inception Date" refers to the date on which a joint development agreement takes effect, allowing multiple parties to collaborate on research and development.
Definition of "Inception Date" as the start of a securitization transaction
This definition connects "Inception Date" to financial structuring.
"Inception Date" means the date on which a securitization transaction becomes effective, establishing the pooling and repackaging of financial assets.
Definition of "Inception Date" as the issuance of a trade finance facility
This definition applies "Inception Date" to international trade financing.
"Inception Date" refers to the date on which a trade finance facility is issued, enabling exporters and importers to conduct transactions.
Definition of "Inception Date" as the execution of a settlement agreement
This definition ties "Inception Date" to legal dispute resolution.
"Inception Date" means the date on which a settlement agreement is signed, officially resolving a dispute between the involved parties.
Definition of "Inception Date" as the official start of a nonprofit organization
This definition connects "Inception Date" to charitable entities.
"Inception Date" refers to the date on which a nonprofit organization is formally recognized and begins carrying out its mission.
Definition of "Inception Date" as the beginning of an intellectual property assignment
This definition applies "Inception Date" to IP transfers.
"Inception Date" means the date on which an intellectual property assignment agreement becomes effective, transferring rights from one party to another.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.