Illinois attorney review period
The window when each side's attorney can approve, reject, or propose changes to the contract. Where it applies, it's one of the first deadlines after acceptance.
Multi-Board Residential Real Estate Contract 7.0
Version 7.0. A Multi-Board 8.0 was published in 2025, so check which version you signed.
Attorney Review period ends
By default it is 5 business days after the Effective Date (¶10).
Within 5 Business Days, attorneys may approve, disapprove (not solely over price), or propose modifications. If proposed modifications aren't resolved within 10 Business Days, either party may terminate by notice.
Source: chicagolandpropertylaw.com · checked 2026-10-16
Unresolved modifications: termination right opens
By default it is 10 business days after the Effective Date (¶10(c)).
Source: chicagolandpropertylaw.com · checked 2026-10-16
If it falls on a weekend or holiday
- Attorney Review period ends: It does not move for weekends or holidays.
- Unresolved modifications: termination right opens: It does not move for weekends or holidays.
Most Multi-Board deadlines run in Business Days (Monday through Friday, excluding federal holidays), counted from the Date of Acceptance. Because weekends and holidays are skipped while counting, a business-day deadline never lands on one.
Worked example: Multi-Board Residential Real Estate Contract 7.0
Multi-Board Residential Real Estate Contract 7.0. Effective Date Friday, October 16, 2026. Calculated with the same rules as the calculator.
| Deadline | Date |
|---|---|
| Attorney Review period ends | Friday, October 23, 2026 |
| Unresolved modifications: termination right opens | Friday, October 30, 2026 |
Negotiated a different number?
Change it in the calculator and every date that depends on it recalculates.
Open the Illinois calculatorFrequently asked questions
How is the "Attorney Review period ends" calculated on the Multi-Board Residential Real Estate Contract 7.0?
By default it is 5 business days after the Effective Date (¶10). It does not move for weekends or holidays.
How is the "Unresolved modifications: termination right opens" calculated on the Multi-Board Residential Real Estate Contract 7.0?
By default it is 10 business days after the Effective Date (¶10(c)). It does not move for weekends or holidays.
Do weekends count for this deadline in Illinois?
Most Multi-Board deadlines run in Business Days (Monday through Friday, excluding federal holidays), counted from the Date of Acceptance. Because weekends and holidays are skipped while counting, a business-day deadline never lands on one.
Something missing or incorrect?