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ars (cs)     01 March 2012

Agreement with retrospective effect

can an agreement be made in current date with retrospective date as the effective date?

that is can i make an agreement today - 1/3/12 by writing in the opening line as " This agreement made on 1/3/2012" and in  the clause of validity can I mention that " this agreement shall come in to effect from 1/10/2011 and valid up to 31/03/2013" ?

is it valid in law, if both the parties agree to this ?

pl. revert at the earliest.



Learning

 5 Replies

Arun Subash (Manager Legal)     02 March 2012

Yes the agreement is purely valid if the Effective date of the agreement is backdated or retrospective. Such agreements does not suffer from any impediment.

Rajesh Hazra (Mediator and Legal Counsel )     02 March 2012

Is this possible ?

P.K.Haridasan (Advocate)     04 March 2012

Yes. You can add a clause in the agreement that the agreement deemed to have commenced from the retrospective effect.

scott321 (Full Service Metro Detroit Lawyers that that focus on Criminal Law Divorce Law Personal Injury and more.)     09 March 2012

Hi friends our organization has winded up the process as there is no payment form our client.and now we need to give voluntary termination letter to all our employee.so please can any one help me by sending the sample letters 

gaurav wadera (Student)     10 January 2013

If the he agreement is purely valid are there any case laws on this..?


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