If it is a promissory note, compute the accrued interest prior to signing the note and include it in the principal amount of the note.
If it is a non-disclosure agreement, specifically state that all information disclosed Roger Glovsky is a business lawyer who believes legal documents should be accessible, affordable and comprehensible.
1) If you divorce and don’t tell the insurance company so that your ex can remain covered under your policy, your ex could end up beingcharged for any medical claims paid by the insurer all the way back to the date of the divorce.
2) If you are laid off or terminated, it is against the law for your former employer to backdate your termination of health care insurance.
As author of Contracts Guru.com, Roger coaches business owners how to draft and negotiate their own contracts through workshops, teleseminars and online programs.
A couple other important points about backdating and health insurance.
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.
If you could do this, nobody would ever buy car insurance until after an accident happened.
That would have the effect of turning the car insurance industry’s risk-assessment-based business model on its head.