When Is An Agreement Dated
If a contract is dated by the parties dating from their signatures instead of including a date in the introductory clause (something I discuss in this blog post), you will see the effective date used to refer to the date on which all parties signed: for example, if you move into a new apartment, you can sign the rental agreement in advance. This means that the (oral) agreement already existed and can help in the preparatory work of a document. Knowing the difference between the two dates is crucial to ensure that you manage your contracts properly. You will understand when your role in the contract will come into effect and you will protect yourself from possible legal action. .