päättymisvuosi

Päättymisvuosi is a Finnish term that translates to "year of expiration" or "end year". It is most commonly used in the context of contracts, agreements, or licenses that have a defined period of validity. When a document or agreement has a päättymisvuosi, it signifies the last calendar year in which that particular arrangement remains in effect. After this year has concluded, the contract or license is considered expired and no longer legally binding unless a renewal or extension has been formally agreed upon.

This concept is crucial for legal and financial planning. For instance, a software license with a päättymisvuosi of 2025 will cease to function or provide access to updates and support after December 31, 2025. Similarly, a lease agreement might specify a päättymisvuosi, indicating the year the tenancy is scheduled to end. Understanding the päättymisvuosi allows individuals and organizations to make informed decisions about renewals, replacements, or alternative arrangements well in advance of the expiration date. It helps prevent potential disruptions and ensures continuity of services or obligations. The term emphasizes the finite nature of certain agreements and the importance of monitoring their lifecycle.

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