Example of backdating
Of course others have pointed out that Jobs is so important to Apple that doing anything to him would hurt the shareholders that the laws are supposed to protect, whereas some option is a healthy habit (keeping in mind it's a common mistake, one we all actually fall prey to), it also seems a bit grandiose to call this a "Microsoft moment".
Meanwhile the people who vilify him worship Steve Jobs, who has broken plenty of laws himself ( is fraud), done most of the things that have inspired such loathing when Microsoft did them (and only didn't do the rest because he didn't have the necessary market share) and by all accounts hoards his money along with black mock turtlenecks.
Drafting and executing a document after an event occurs, but in a manner that accurately reflects the date on which the event transpired, is a permissible form of backdating.
This is backdating that memorializes, something the United States Court of Appeals for the Seventh Circuit has recognized as a legitimate practice.
When it comes to life insurance, insurers will let you backdate a new policy a few days or even months, if by doing so you can get a lower premium.
It’s a little unfortunate that the word “backdating” is used for this concept, because with some other insurance products backdating can be a very bad thing.
all transactions so the effect on my standing with the bank and lost interest are corrected) there will be trouble.Furthermore, giving the written contract its own date simply reflects the reality of how the contract process unfolded, and it’s always good to have contracts track reality.If the date of the oral agreement was reached is somehow significant, then mention it in the recitals of the written contract.For example, if parties clearly reach an agreement on Dec.31, 2009, but do not execute a contract formalizing their agreement until Jan.3, 2010, the contract may be dated as of Dec. This is simply the accurate memorialization of a past event, something that is essential to legal practice.
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But because of how insurers determine age, there can be up to a window when the insurer considers you 35 even though you’re still 34.“That makes no sense! For example, if you turned 34 on January 1st and you apply for insurance on July 4th, you might be considered 35 on your insurance application even though your next birthday isn’t for almost 6 months. In the example above, you might be able to get a cheaper premium if you backdate the start date of the policy to June 4th, because then your “insurance age” will be 34. You’ll have to pay the premium for those weeks or months that are now part of your newly backdated policy.