sunset
Sunset in a legal context means an automatic expiration date for a legal document, like a registered agreement, after which it no longer applies.
A sunset clause in a legal document like a registered agreement signifies an automatic termination of its terms on a specific future date. After this date, the agreement no longer has legal effect. This is a way to ensure that agreements are revisited and updated as needed. These documents are referred to as 'Zombie agreements' after a sunset, referring to outdated agreements that continue to operate after their nominal expiration until they're replaced or terminated.
Explore more terms
Whether you're looking for definitions of other related terms or just browsing, our full list offers a wealth of information at your fingertips.
Back to Glossary