Backdating contracts verbal contracts and contract splitting

Posted by / 30-Sep-2017 05:10

Backdating contracts verbal contracts and contract splitting

The enforceability of such a contract varies depending on whether it is oral or written, the terms of the contract, and other factors.

For example, a contract could be made simply because of a handshake deal to do a job where the only thing in writing is a quote on the back of an envelope.When we say “backdating” what we usually mean is executing a document and then dating it with an earlier date than the actual date of execution, with the intention that it should be treated as giving rise to legal rights before the actual date.However, at common law this was a criminal offence (going by the contradictory sounding name of uttering a false document) and in most English law based legal systems it is still an offence today, although in many cases statutory provisions have superseded the common law (for example, in the British Virgin Islands see section 242 of the Criminal Code 1997).Types of contracts can include: Written contracts provide more certainty for both parties than verbal contracts.They clearly set out the details of what was agreed.

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In a verbal contract, the expectations of the contract are clearly spelled out, and all parties have agreed to the terms.

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