Inc backdating

16-Jun-2017 21:48

As author of Contracts, Roger coaches business owners how to draft and negotiate their own contracts through workshops, teleseminars and online programs.As founder of, he plans to make it easier for business owners to find the right legal documents when they need them.Then follow up appropriately for the certifications.– whether it is immediately after the incident, or two months later.Originally from Massachusetts, he now lives in Boulder, Colorado.Effective for new and renewed Worker’s Compensation policies with effective dates of Oct.For example, if the contract is dated today, who owns that portion of the website code that was developed prior to signing the agreement? So, you paid the designer in full but you don’t own the website?Yes, that’s the problem and that’s when backdating comes in.

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stock options in the past have largely been closed by recent legislation, governmental agencies and the plaintiff's bar have dedicated significant resources in the past year to address past option backdating practices.

In general, “backdating” should be avoided, whether we are talking contracts or old flames. Yes, I know businesses do it all the time but that doesn’t mean it is good business practice; and in many cases it may be considered fraud or misrepresentation. For example, the first payment is due upon signing two months ago…except the check was never written or deposited in a bank. So, there is no intent to defraud or mislead or misrepresent the true nature of the agreement.

There are some exceptions to the former; none (based on my experience) to the latter. All you have to do is write in a prior date and sign it. In most agreements, using a prior date to make it look like it was signed earlier is the wrong way to go. The problem is that it may not work in every situation.

Keep in mind, if an employee returns to work on light duty, from a Workers’ Comp injury, that is no longer time counted against Family Medical Leave.

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The world of employee leave is a complex one, often involving Family Medical Leave, Workers’ Compensation and the Americans with Disabilities Act. Make sure you consider all appropriate legislation when an employee is absent from work before taking any type of adverse employment action. We bring years of experience and know-how to the table.

Ideally, the agreement would be signed when you first started working together, but that didn’t happen.

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