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Replace Date in the Agency Agreement

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Aug 6th, 2022

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How to Replace Date in the Agency Agreement

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hi team so in this video Im going to explain exactly how effective dates work and how timelines work because this is an area of confusion especially for new agents but whats scary is a lot of experienced agents struggle with this as well so lets go ahead and start with what exactly are we talking about with effective date the effective date is the date that the last party either signs or initials and its actually delivered thats what you count as your effective date on the contract so I thought that Id just go ahead and use this calendar here kind of you guys to follow along and well talk about a few scenarios so lets say for example you originate a contract an offer you start an offer over here on Saturday the 14th and youre going back and forth and back and forth and on the night of the 15th which is a Sunday that 9 to 15 with the Sunday that is when you receive the very last initials and its delivered to you so what you do is you write down that your effective date is Sund

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Got questions?

Below are some common questions from our customers that may provide you with the answer you're looking for. If you can't find an answer to your question, please don't hesitate to reach out to us.

Does an amendment change the contract date?

Amending a contract does not alter the entire document. Instead, it deals only with specific portions. An example would be changing the location or date of an event, pricing, or details of an order. If the contract needs major changes, it is better to rewrite the entire document.

Can you change a date in an agreement?

It is not illegal to alter a contract once it has been signed. However, it must be materially changed, meaning that if an important part of the contract is altered by the change, it must be made by mutual consent of both parties.

What is amending the effective date of an agreement?

Amended Effective Date means the date first set forth on which this Agreement is signed by the last of the parties required to execute it.

What do you call it when you replace the original agreement with a new agreement?

A substituted contract is an agreement between parties that were involved in a previous contract. The substituted contract replaces the original contract, completely taking its place and discharging the terms of the original agreement.

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