- ‘Business Day’ vs ‘Working Day’
In many commercial agreements, you will find the expressions ‘business day’ or ‘working day’ used to define periods of performance time. Sometimes these terms are defined (and definitions used may vary), while on other occasions these terms are not defined and their interpretation is left somewhat to chance. Daniel Tunkel, Partner and Head of Financial Regulation at Memery Crystal, outlines some issues to consider.
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