The formula to calculate the end date of a 1 month notice period is:
\[ \text{End Date} = \text{Start Date} + 1 \, \text{Month} \]
Where:
A 1 month notice period is a common term used in employment contracts and rental agreements, which stipulates that either party must give a one-month advance notice before terminating the contract or agreement. This period is used to provide sufficient time for the other party to prepare for the termination of the contract, whether it’s to find a replacement employee or tenant, or to make other necessary arrangements.
Let's assume the following value:
Using the formula:
\[ \text{End Date} = \text{2023-10-01} + 1 \, \text{Month} = \text{2023-11-01} \]
The End Date is 2023-11-01.
Let's assume the following value:
Using the formula:
\[ \text{End Date} = \text{2023-12-15} + 1 \, \text{Month} = \text{2024-01-15} \]
The End Date is 2024-01-15.
