sitoutumisaikavaa
Sitoutumisaikavaa is a Finnish term used in contract language to designate the period during which a party is bound by a commitment. The word combines sitoutuminen (commitment) with aika (time) and a suffix that forms a noun referring to a time span. In practice, sitoutumisaikavaa signals the minimum duration of an agreement.
The term is most commonly encountered in consumer and service agreements, but it also appears in employment,
Implications for contractual terms include potential penalties or fees for early termination, restrictions on canceling or
Translations of sitoutumisaikavaa are usually given as "commitment period" or "minimum term" in English. In Finnish