Not Sure It’s a Business Day? Here’s Where to Check

 When calculating timelines in an OREF Sale Agreement, knowing whether a specific date qualifies as a “business day” can make a critical difference. If you’re ever unsure whether a holiday affects a deadline, OREF provides clear guidance to help you determine how time is counted.  

On our website, navigate to the Resources link in the top-right corner and select What Is a Business Day—or access the page directly here: 

https://orefonline.com/annual-holidays/ 

This resource includes: 

• A message from OREF’s legal counsel explaining how business days are calculated under the Sale Agreements, and 

• A list of the current year’s recognized holidays. 

When deadlines drive rights and obligations, precision matters. Taking a moment to confirm how a date is treated can help ensure compliance and avoid unintended consequences. 

All comments and responses from OREF or its staff, managers, and volunteers are non-legal opinions made for general purposes. Each Forms subscriber must rely solely upon their Principal broker or personal legal counsel for specific advice and instruction. You and your client should independently confirm that the Form(s) you use are legally suitable for the purposes intended and that they are current with respect to all laws and regulations.