notice of cessation |
Definition
Written notice issued by the contractee or the owner of a project (or his or her agent) to notify concerned parties that no work has been performed at the project site for a certain period (say, 60 days). This notice also sets the period within which concerned parties may exercise their lien rights against one another.
email to a friend
print this definition
cite this definition
link to this page
notice of cessation is in the Agreements & Contracts and Purchasing & Procurement subjects.
This content can be found on the following page:
http://www.businessdictionary.com/definition/notice-of-cessation.html