Perhaps I might have know this all along but I noticed this when Deepa (legal) called it out. You shouldnt be surprised if I use legal parlance to explain this.
|Terminate||is the ending of an agreement as a result of an action by either parties
|Expire||is the ending of an agreement without any action required by the parties involved. AUTO-mode|
in legal terms, this difference matters. In this specific case (where I learnt), if a MoU is signed between two parties and we use "expire" in the terms and conditions, then neither party has to make any effort any effort at the end of the period. If the word "terminate" is used, then either one has to remember after the end of period.
Another scenario where the usage is critical is when an inventory is involved. For example, if this is a distributor agreement, at the end of the period, when the agreement expires, the distributor possibly can sell the inventory. If the agreement is terminated, this will not be possible.
- My land-lease expires in two-months
- I will terminate the contract if you do not comply
- Her cat expired last night