diff --git a/apps/web/components/v2/eventtype/EventLimitsTab.tsx b/apps/web/components/v2/eventtype/EventLimitsTab.tsx
index f2fa69bf3f..e818c92187 100644
--- a/apps/web/components/v2/eventtype/EventLimitsTab.tsx
+++ b/apps/web/components/v2/eventtype/EventLimitsTab.tsx
@@ -9,7 +9,7 @@ import { useLocale } from "@calcom/lib/hooks/useLocale";
 import { PeriodType } from "@calcom/prisma/client";
 import type { BookingLimit } from "@calcom/types/Calendar";
 import { Icon } from "@calcom/ui";
-import { Select, Switch, Label, Input, MinutesField, Button } from "@calcom/ui/v2";
+import { Select, Switch, Label, Input, DurationField, Button } from "@calcom/ui/v2";
 import DateRangePicker from "@calcom/ui/v2/core/form/date-range-picker/DateRangePicker";
 
 export const EventLimitsTab = (props: Pick<EventTypeSetupInfered, "eventType">) => {
@@ -45,6 +45,8 @@ export const EventLimitsTab = (props: Pick<EventTypeSetupInfered, "eventType">)
     defaultValue: periodType?.type,
   });
 
+  const durationArray = [eventType.minimumBookingNoticeType];
+
   return (
     <div>
       <div className="flex flex-col space-y-4 lg:flex-row lg:space-y-0 lg:space-x-4">
@@ -114,13 +116,94 @@ export const EventLimitsTab = (props: Pick<EventTypeSetupInfered, "eventType">)
         </div>
       </div>
       <div className="flex flex-col space-y-4 pt-4 lg:flex-row lg:space-y-0 lg:space-x-4">
-        <div className="w-full">
-          <MinutesField
-            required
-            label={t("minimum_booking_notice")}
-            type="number"
-            placeholder="120"
-            {...formMethods.register("minimumBookingNotice", { valueAsNumber: true })}
+        <div className="flex w-full items-end">
+          <Controller
+            name="minimumBookingNotice"
+            control={formMethods.control}
+            render={() => {
+              const minBookingValue = formMethods.watch("minimumBookingNotice");
+              let newMinBookingValue: number;
+              const convertToNewDurationType = function (
+                prevType: string,
+                newType: string,
+                prevValue: number
+              ) {
+                console.log(prevType, newType, prevValue);
+                if (!prevType) {
+                  prevType = eventType.minimumBookingNoticeType;
+                }
+                if (newType == "mins") {
+                  if (prevType == "hours") {
+                    newMinBookingValue = prevValue * 60;
+                  }
+                  if (prevType == "calendar days") {
+                    newMinBookingValue = prevValue * 1440;
+                  }
+                } else if (newType == "hours") {
+                  if (prevType == "mins") {
+                    newMinBookingValue = prevValue / 60;
+                  }
+                  if (prevType == "calendar days") {
+                    newMinBookingValue = prevValue * 24;
+                  }
+                } else if (newType == "calendar days") {
+                  if (prevType == "mins") {
+                    newMinBookingValue = prevValue / 1440;
+                  }
+                  if (prevType == "hours") {
+                    newMinBookingValue = prevValue / 24;
+                  }
+                } else if (newType == prevType) {
+                  newMinBookingValue = prevValue;
+                }
+              };
+
+              const durationTypeOptions = [
+                {
+                  label: t("minutes"),
+                  value: "mins",
+                },
+                {
+                  label: t("hours"),
+                  value: "hours",
+                },
+                {
+                  label: t("calendar_days"),
+                  value: "calendar days",
+                },
+              ];
+
+              return (
+                <>
+                  <DurationField
+                    required
+                    label={t("minimum_booking_notice")}
+                    type="number"
+                    placeholder="120"
+                    className="mr-2 w-full"
+                    defaultValue={eventType.minimumBookingNotice}
+                    {...formMethods.register("minimumBookingNotice", { valueAsNumber: true })}
+                  />
+                  <Select
+                    isSearchable={false}
+                    className="mb-2 ml-2 w-1/3"
+                    defaultValue={durationTypeOptions.find(
+                      (option) => option.value === eventType.minimumBookingNoticeType
+                    )}
+                    onChange={(val) => {
+                      if (val) {
+                        durationArray.unshift(val.value);
+                        const previousValue = durationArray[1];
+                        eventType.minimumBookingNoticeType = val.value;
+                        convertToNewDurationType(previousValue, val.value, minBookingValue);
+                        formMethods.setValue("minimumBookingNotice", newMinBookingValue);
+                      }
+                    }}
+                    options={durationTypeOptions}
+                  />
+                </>
+              );
+            }}
           />
         </div>
         <div className="w-full">
diff --git a/apps/web/pages/event-types/[type]/index.tsx b/apps/web/pages/event-types/[type]/index.tsx
index 5447ff6fe0..f50e44df86 100644
--- a/apps/web/pages/event-types/[type]/index.tsx
+++ b/apps/web/pages/event-types/[type]/index.tsx
@@ -72,6 +72,7 @@ export type FormValues = {
   seatsShowAttendees: boolean | null;
   seatsPerTimeSlotEnabled: boolean;
   minimumBookingNotice: number;
+  minimumBookingNoticeType: string;
   beforeBufferTime: number;
   afterBufferTime: number;
   slotInterval: number | null;
@@ -163,6 +164,7 @@ const EventTypePage = (props: inferSSRProps<typeof getServerSideProps>) => {
       },
       schedulingType: eventType.schedulingType,
       minimumBookingNotice: eventType.minimumBookingNotice,
+      minimumBookingNoticeType: eventType.minimumBookingNoticeType,
       metadata: eventType.metadata,
     },
   });
@@ -228,6 +230,7 @@ const EventTypePage = (props: inferSSRProps<typeof getServerSideProps>) => {
           const {
             periodDates,
             periodCountCalendarDays,
+            minimumBookingNoticeType,
             beforeBufferTime,
             afterBufferTime,
             seatsPerTimeSlot,
@@ -254,6 +257,7 @@ const EventTypePage = (props: inferSSRProps<typeof getServerSideProps>) => {
             periodStartDate: periodDates.startDate,
             periodEndDate: periodDates.endDate,
             periodCountCalendarDays: periodCountCalendarDays === "1",
+            minimumBookingNoticeType,
             id: eventType.id,
             beforeEventBuffer: beforeBufferTime,
             afterEventBuffer: afterBufferTime,
@@ -355,6 +359,7 @@ export const getServerSideProps = async (context: GetServerSidePropsContext) =>
       hideCalendarNotes: true,
       disableGuests: true,
       minimumBookingNotice: true,
+      minimumBookingNoticeType: true,
       beforeEventBuffer: true,
       afterEventBuffer: true,
       slotInterval: true,
diff --git a/packages/prisma/migrations/20221024162356_/migration.sql b/packages/prisma/migrations/20221024162356_/migration.sql
new file mode 100644
index 0000000000..ce72ebfb52
--- /dev/null
+++ b/packages/prisma/migrations/20221024162356_/migration.sql
@@ -0,0 +1,2 @@
+-- AlterTable
+ALTER TABLE "EventType" ADD COLUMN     "minimumBookingNoticeType" TEXT NOT NULL DEFAULT 'mins';
diff --git a/packages/prisma/schema.prisma b/packages/prisma/schema.prisma
index cd96601c1c..3105a93d6b 100644
--- a/packages/prisma/schema.prisma
+++ b/packages/prisma/schema.prisma
@@ -30,60 +30,61 @@ enum PeriodType {
 }
 
 model EventType {
-  id                      Int                     @id @default(autoincrement())
+  id                       Int                     @id @default(autoincrement())
   /// @zod.min(1)
-  title                   String
-  /// @zod.custom(imports.eventTypeSlug)
-  slug                    String
-  description             String?
-  position                Int                     @default(0)
-  /// @zod.custom(imports.eventTypeLocations)
-  locations               Json?
-  length                  Int
-  hidden                  Boolean                 @default(false)
-  users                   User[]                  @relation("user_eventtype")
-  owner                   User?                   @relation("owner", fields: [userId], references: [id], onDelete: Cascade)
-  userId                  Int?
-  team                    Team?                   @relation(fields: [teamId], references: [id], onDelete: Cascade)
-  teamId                  Int?
-  hashedLink              HashedLink?
-  bookings                Booking[]
-  availability            Availability[]
-  webhooks                Webhook[]
-  destinationCalendar     DestinationCalendar?
-  eventName               String?
-  customInputs            EventTypeCustomInput[]
-  timeZone                String?
-  periodType              PeriodType              @default(UNLIMITED)
-  periodStartDate         DateTime?
-  periodEndDate           DateTime?
-  periodDays              Int?
-  periodCountCalendarDays Boolean?
-  requiresConfirmation    Boolean                 @default(false)
-  /// @zod.custom(imports.recurringEventType)
-  recurringEvent          Json?
-  disableGuests           Boolean                 @default(false)
-  hideCalendarNotes       Boolean                 @default(false)
-  minimumBookingNotice    Int                     @default(120)
-  beforeEventBuffer       Int                     @default(0)
-  afterEventBuffer        Int                     @default(0)
-  seatsPerTimeSlot        Int?
-  seatsShowAttendees      Boolean?
-  schedulingType          SchedulingType?
-  schedule                Schedule?               @relation(fields: [scheduleId], references: [id])
-  scheduleId              Int?
-  // price is deprecated. It has now moved to metadata.apps.stripe.price. Plan to drop this column.
-  price                   Int                     @default(0)
-  // currency is deprecated. It has now moved to metadata.apps.stripe.currency. Plan to drop this column.
-  currency                String                  @default("usd")
-  slotInterval            Int?
-  /// @zod.custom(imports.EventTypeMetaDataSchema)
-  metadata                Json?
-  /// @zod.custom(imports.successRedirectUrl)
-  successRedirectUrl      String?
-  workflows               WorkflowsOnEventTypes[]
-  /// @zod.custom(imports.bookingLimitsType)
-  bookingLimits           Json?
+  title                    String
+  /// @zod.custom(imports. eventTypeSlug)
+  slug                     String
+  description              String?
+  position                 Int                     @default(0)
+  /// @zod.custom(imports. eventTypeLocations)
+  locations                Json?
+  length                   Int
+  hidden                   Boolean                 @default(false)
+  users                    User[]                  @relation("user_eventtype")
+  owner                    User?                   @relation("owner", fields: [userId], references: [id], onDelete: Cascade)
+  userId                   Int?
+  team                     Team?                   @relation(fields: [teamId], references: [id], onDelete: Cascade)
+  teamId                   Int?
+  hashedLink               HashedLink?
+  bookings                 Booking[]
+  availability             Availability[]
+  webhooks                 Webhook[]
+  destinationCalendar      DestinationCalendar?
+  eventName                String?
+  customInputs             EventTypeCustomInput[]
+  timeZone                 String?
+  periodType               PeriodType              @default(UNLIMITED)
+  periodStartDate          DateTime?
+  periodEndDate            DateTime?
+  periodDays               Int?
+  periodCountCalendarDays  Boolean?
+  requiresConfirmation     Boolean                 @default(false)
+  /// @zod.custom(imports. recurringEventType)
+  recurringEvent           Json?
+  disableGuests            Boolean                 @default(false)
+  hideCalendarNotes        Boolean                 @default(false)
+  minimumBookingNotice     Int                     @default(120)
+  minimumBookingNoticeType String                  @default("mins")
+  beforeEventBuffer        Int                     @default(0)
+  afterEventBuffer         Int                     @default(0)
+  seatsPerTimeSlot         Int?
+  seatsShowAttendees       Boolean?
+  schedulingType           SchedulingType?
+  schedule                 Schedule?               @relation(fields: [scheduleId], references: [id])
+  scheduleId               Int?
+  // price is deprecated.  It has now moved to metadata.apps.stripe.price. Plan to drop this column.
+  price                    Int                     @default(0)
+  // currency is deprecate d. It has now moved to metadata.apps.stripe.currency. Plan to drop this column.
+  currency                 String                  @default("usd")
+  slotInterval             Int?
+  /// @zod.custom(imports. EventTypeMetaDataSchema)
+  metadata                 Json?
+  /// @zod.custom(imports. successRedirectUrl)
+  successRedirectUrl       String?
+  workflows                WorkflowsOnEventTypes[]
+  /// @zod.custom(imports. bookingLimitsType)
+  bookingLimits            Json?
 
   @@unique([userId, slug])
   @@unique([teamId, slug])
diff --git a/packages/ui/v2/core/form/fields.tsx b/packages/ui/v2/core/form/fields.tsx
index 0a0f6464eb..40a93c9626 100644
--- a/packages/ui/v2/core/form/fields.tsx
+++ b/packages/ui/v2/core/form/fields.tsx
@@ -453,6 +453,9 @@ export function InputGroupBox(props: JSX.IntrinsicElements["div"]) {
   );
 }
 
-export const MinutesField = forwardRef<HTMLInputElement, InputFieldProps>(function MinutesField(props, ref) {
-  return <InputField ref={ref} type="number" min={0} {...props} addOnSuffix="mins" />;
+export const DurationField = forwardRef<HTMLInputElement, InputFieldProps>(function DurationField(
+  props,
+  ref
+) {
+  return <InputField ref={ref} type="number" min={0} {...props} />;
 });