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[Do Better 664]

Post your legal questions here.

[yaj_nozar 1]

Hi. Good day. Just wanted to ask if an SPA expires in a certain period even if none is specified in the SPA. Thank you.

[kevinlove0 0]

an SPA may provide for its own 

On 1/12/2021 at 1:10 PM, yaj_nozar said:

Hi. Good day. Just wanted to ask if an SPA expires in a certain period even if none is specified in the SPA. Thank you.

An SPA may provide for its own expiration date. If none, arguably it could be valid until revoked by the principal. 

[GURKHA 12]

For banks, an SPA is only valid for one year, unless a shorter term is provided by the SPA itself.