What is an Effective Date? | ContractSafe
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This date can be in the future, if the parties so agree. Sometimes a written contract specifically provides that the contract will become effective on the date ... 1.800.993.5590 CustomerLogIn Startfreetrial Pricing Resources Testimonials CaseStudies JourneyApps CityofOlympia Blog Products ContractManagementSoftware EducationContractManagementSoftware HealthcareContractManagementSoftware HospitalContractManagementSoftware HospitalityContractManagementSoftware Non-ProfitContractManagementSoftware SmallBusinessContractManagementSoftware Features ContractAlerts ContractRepository ContractSecurity ContractManagementAI SalesForceContractIntegration DocuSignContractIntegration ZapierContractIntegration CompareContractFeatures ContractTracking About Founders Privacy/GDPR Security ContactUs EffectiveDate ◄BacktoGlossary Whatisaneffectivedate? Aneffectivedateisthedateonwhichlegalrightsorobligationsbecomebindingbetweentwoormoreparties.Effectivedatesariseinabroadrangeofcircumstances. Forexample,contractsoftenincludelanguagestatingthattheentirecontractbecomesoperationalonaspecificdate.Thisdatecanbeinthefuture,ifthepartiessoagree.Sometimesawrittencontractspecificallyprovidesthatthecontractwillbecomeeffectiveonthedateofsigning,withoutspecifyingexactlywhenthatdatewillbe.Ifthewrittencontractdoesnotspecifyaneffectivedate,itbecomeseffectivewhensignedbyallparties(note:thisrulecanbedifferentundertheUniformCommercialCode). Acontractcanalsohavemultipleeffectivedates,dependingontheterminologyusedbythedraftinglawyersandthemeaningof“effectivedate”employed.Let’slookatacoupleofexamples.AninsurancecontractmightbeenteredintobythepartiesonJanuary1,butprovidethattheeffectivedateoftheinsurancecoveragebeginsonFebruary1.Thus,theinsured’sobligationtopaywascreatedbythecontractonJanuary1.However,theinsurerisnotobligatedtostartprovidinginsuranceuntilFebruary1. Inasimilarfashion,anemployerandemployeemightenterintoanagreementonJanuary1whichimmediatelylimitstheemployeefromdisclosingconfidentialinformationtoothers.However,thecontractmayalsoprovidethatwithregardtostartingworkandreceivingsalary,theeffectivedateoftheagreementisFebruary1. Relatedarticles: Agreementvs.Contract:What’stheDifference? Software SHOWMORE ContractManagementSoftware EducationContractManagementSoftware HealthcareContractManagementSoftware HospitalContractManagementSoftware HospitalityContractManagementSoftware Non-ProfitContractManagementSoftware SmallBusinessContractManagementSoftware ContractManagementSoftwareFreeTrial Solutions SHOWMORE ContractSolutions HealthcareSolutions HospitalitySolutions Non-ProfitSolutions EducationSolutions Shareus! Glossary PrivacyPolicy TermsofUse ©2021ContractSafeLLC
延伸文章資訊
- 1effective date 在英語中的意思
the date when an agreement starts to operate, or when something is recorded as being bought or so...
- 2Accounting Standards Updates—Effective Dates - FASB
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- 3effective date造句 - 查查在線詞典
上述生效日期即為本協議規定的開始工作之日。 9 . in the effective date field , type the date on which the cost change wi...
- 4Effective Date of Agreement Sample Clauses - Law Insider
Effective Date of Agreement. This Agreement shall become effective: (i) upon the execution and de...
- 5effective date shall be - Linguee | 中英词典(更多其他语言)
shall apply also to advance contributions until the effective date, when such contributions shall...