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The contract is binding when both parties have accepted the contract.
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Sometimes courts are asked to determine the effective dates of contracts that are completely undated. In those cases, the courts may look at surrounding circumstances to determine approximately when the contract went into effect.
When does a contract take effect? Some contracts clearly specify their effective date.
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Have you Executed and Dated the Documents Correctly?
Notify me of new comments via email. Five Common Questions Answered , which offers the following advice for in-house lawyers: For those instances where a document is intended to take effect retroactively, you should: Assess whether the backdating is intended to deceive or harm third parties including government and regulatory bodies.
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Only proceed if the answer is no. Ascertain if the backdating would violate a law or adversely affect the rights of third parties including government and regulatory bodies.
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- Have you Executed and Dated the Documents Correctly?.
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