Nishant sharma (officer) 05 January 2010
dear all,
in our company we make agreements for the period of april to march but due to some reasons the exeuction of agreements get delayed and hence we make agreements for the period of 01/04/2009 to 31/03/2010 but execute them in July, or september or even december like execution date is 04/12/2009. pls tell can we bind other party for the period of 01/04/2009 to 31/03/2010 when the agreement itself is signed in december. what r the consequenses of executing agreements at this delayed time.
Y V Vishweshwar Rao (Advocate ) 05 January 2010
Agreements executed in December can stipulate the agreed terms with effect from First April ! It is the Agreement from which date the terms are agreed to be enforced , not the date on which the Agreemtn is executed !
Nishant sharma (officer) 05 January 2010
thanks mr. rao for ur valuable comments.
SACHIN AGARWAL (ADVOCATE) 29 October 2010
Good advice by Mr. Rao.
Ashish (Dy. Manager) 28 December 2010
Further in line with comment of Mr. Rao - date of execution of agreement should not go beyond the end term date of the Agreement.
More essentially, Agreement has to be executed during life of performance of the obligations & duties of the parties under the Agreement.
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