Dating a contract


09-Aug-2016 15:05

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Yes, that’s the problem and that’s when backdating comes in.

Ideally, the agreement would be signed when you first started working together, but that didn’t happen.

As founder of LEXpertise.com, he plans to make it easier for business owners to find the right legal documents when they need them.

If you need a defined term to refer to that later day, I’d use something like used in a contract to refer to some date in the past.

For example, if the agreement requires the assignment of intellectual property rights (past, present and future), why not just use The fix may be different for different agreements.

If it is a promissory note, compute the accrued interest prior to signing the note and include it in the principal amount of the note.

You remember that your lawyer once told you that without a contract you do not legally own your website. Finally you prepare the contract and your designer agrees to sign it. Should it be dated when the contract is signed or back when you first started working together? The reason contract dates are important is because that is when your legal rights begin.

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For example, if the contract is dated today, who owns that portion of the website code that was developed prior to signing the agreement? So, you paid the designer in full but you don’t own the website?

There is no doubt that this type of innovative product helps to strengthen client relationships.



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