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Understand the notice period rules in India for employers and employees. Learn legal rights, policy tips, waivers, and compliance to avoid costly HR mistakes. Learn about the notice period rules in India, including typical durations, buyouts, and your legal rights. Whether you’re quitting or being terminated, know the rules to exit smoothly and professionally. What is a notice period ? Meaning, Types & FAQs. A notice period is the time frame between the announcement of resignation or termination and the actual end of employment. It allows both parties to prepare for the transition, ensuring minimal disruption to business operations and personal plans. When an employee resigns, they are generally required to serve the notice period specified in their employment contract. A typical notice period can be one to two weeks, one month’s notice, or even two months’ notice, depending on company policy.