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I have seen cases like this where the parties sign a document that is either styled a “revival” or “reinstatement” agreement, or just an amendment to the old one, that purports to bring the expired contract back into effect.
There may have been post-termination obligations under the old one, or special provisions for transactions that happened between the date the old one lapsed and the new one (or the amendment) takes effect, that the new document handles.
How did the way they were compensated influence their decision making?
What were their intentions once they were released? One particularly poignant letter came from Stephen Richards, a former senior executive at Computer Associates (CA).
He asked them the first dozen questions that came to mind.
What were the most significant pressures they faced?
As global head of sales, Richards helped backdate contracts that clients signed after the quarters officially ended, Soltes says.I personally saw nothing wrong with creating an amendment that revived the dead contract I agree with Vance.