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A deed on the other hand should never be backdated. Remember a deed must be in writing and as such the legal obligations created in a deed can only come into effect on (or after) the date of execution.
Backdating legal documents is frequently permissible. However, under other circumstances, it can be fraudulent or illegal. This article discusses when legal documents might be backdated and how legally to do so when it is appropriate. Despite common belief, backdating documents is not necessarily illegal.
Backdating a document may seem harmless enough, but under no circumstances should a notary public include a date other than the current date of the signing. Backdating is both unethical and, more importantly, illegal. Including a prior date on the document can come back to haunt notaries later down the road.
The backdating of stock option grants to lower the exercise price is not per se illegal. Firms generally have complete discretion over the setting of stock option exercise prices.
However, there is no restriction on making the agreement effective from the back date i.e. you can have the date of the agreement as current and the effective date can be back dated.
Backdating can also involve the practice of dating a document on the date the event occurred even if it is not signed until later. Here, the event occurs before the document evidencing it can be executed, and the document simply memorializes the earlier event. This is both a common and legitimate use of backdating.
Backdating legal documents is frequently permissible. However, under other circumstances, it can be fraudulent or illegal. This article discusses when legal documents might be backdated and how legally to do so when it is appropriate. Despite common belief, backdating documents is not necessarily illegal.
Backdating can also involve the practice of dating a document on the date the event occurred even if it is not signed until later. Here, the event occurs before the document evidencing it can be executed, and the document simply memorializes the earlier event. This is both a common and legitimate use of backdating.
Many jurisdictions allow for contracts that have an effective date that is earlier than the date that the documents were signed. This is commonly known as “backdating.” Just because you're able to backdate a contract in your area, though, doesn't always mean it's a good idea to do so.
Once a contract has been signed, then it typically cannot be changed unless all parties to the contract agree to the modifications. There are many reasons why you might want to modify a contract. ... change the payment terms of the contract (for instance, allowing installment payments).
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