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Notice Period

A notice period is a time period ahead of which you must inform the other party to a contract in which you are engaged that you wish to terminate the contract. Not all contracts have notice periods, but notice periods are commonly found on employment contracts, rental agreements, banking contracts, insurance policies and telecom contracts.

In Switzerland, many contracts offered by service providers have notice period of several months. The length of average notice periods varies depending on the sector, the type of contract and the service provider. Notice periods of one month are standard for Swiss compulsory health insurance policies. Swiss telecom service providers typically require notice of either 1 month or 2 months for the penalty-free termination of contracts.

Example: If you would like to terminate a mobile plan which has a 2-month notice period on October 31, your telecom service provider will need to receive your notice by August 31.

More on this topic:
Minimum contract term

Expert Ralf Beyeler

Ralf Beyeler is the telecom expert at moneyland.ch and also covers other areas of personal finance.

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