Contract law backdating
Customer documents often contain legal and economic terms and conditions that the Company did not agree to.Those T&Cs could put the Company at a business or legal disadvantage (possibly a serious one), either now or in the future.Quite often a will be in conjunction with a spot delivery or Yo-Yo financing scam where the dealership led you to believe that your deal was finalized, only to call you back at a later date to change the structure of your agreement.A dealership might choose to backdate a contract for convenience, or because the lender’s acceptance of the deal was based on the original sale date, but more often than not it is because the dealer has found a way to make more money and needs to rewrite the contract so that they can pocket the extra profit.This no-changes policy applies to all contract documents, including, for example:• Proposal / Sales Quote T&Cs • Enterprise License Agreement. No shipping of orders without Legal approval if the customer does not sign the Sales Quote form.
They might want a little while to read it; treat it like it's not a big deal, just like you would an NDA for a regular new employee.
If your employee refuses to sign, or has already disclosed the information... If the employee has your confidential information and isn't covered by an NDA, you certainly don't want to alienate them by getting angry or talking about firing them.
Question Details: I'm being coerced into signing an agreement that I believe is fraudulent.
According to a study by Erik Lie, a finance professor at the University of Iowa, more than 2,000 companies used options backdating in some form to reward their senior executives between 19.
The SEC’s opinions regarding backdating and fraud were primarily due to the various tax rules that apply when issuing “in the money” stock options vs.
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This is a way of repricing options to make them valuable or more valuable when the option "strike price" (the fixed price at which the owner of the option can purchase stock) is fixed to the stock price at the date the option was granted.