Legal Question in Business Law in Indiana
In the case of acceptace of tender letter of award of work was given on 1-1-2006 but contract was signed on 19-7-2006. date on the stamp paper was also 19-7-2006. however, in the contract the clause interpretation includes the term "effective date". and the effective date was 1-1-2006. my query is whether effective date can be retrospective date? or in other words can we bind the parties for the acts done from 1-1-2006 to 18-7-2006?
Asked on 1/12/10, 2:59 am
1 Answer from Attorneys
Burton Padove
Indiana and Illinois Lawyer, Burton A. Padove
Yes. If the parties agree, this is an accepted practice.
Answered on 1/18/10, 12:52 pm
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