If a contract has an effective date clearly specified, however is not signed until a later date; then what would be the effective date of the contract? The date specified or the date signed by the parties?
1 Answer from Attorneys
If the agreement has a defined "effective date" then that is the effective date. The parties are free to sign the contract after its effective date has started. So the date specified in the signature plate will usually just represent the date on which that party signed, not necessarily the date the contract became effective. The theory is that if the parties so wanted to, they could have just as easily changed the effective date before signing right?
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