Backdating document Peeksovs nide chaat

For example, if parties clearly reach an agreement on Dec.

31, 2009, but do not execute a contract formalizing their agreement until Jan.3, 2010, the contract may be dated as of Dec. This is simply the accurate memorialization of a past event, something that is essential to legal practice.

Re: Backdating Documents I guess the legality might depend on why your employer wants you to back date the document and with whom your employer plans to share the document.Accordingly, mis-dating a contract could amount to an offence under this Act.Such an offence could be tried in the magistrates’ court or on indictment.Drafting and executing a document after an event occurs, but in a manner that accurately reflects the date on which the event transpired, is a permissible form of backdating.This is backdating that memorializes, something the United States Court of Appeals for the Seventh Circuit has recognized as a legitimate practice.As from that date, customers may have been invoiced by the transferee, employees may have been paid by the transferee, and accounting entries may have been made to reflect the purchase price payable for the assets.

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