OF EVEN DATE Meaning and
Definition
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"Of even date" is a legal term used to indicate that two or more documents have been executed or created on the same day. It implies that the documents bear the exact same date and are therefore considered contemporaneous.
When multiple agreements or contracts are involved in a transaction, it is crucial to specify that they are of even date. This ensures that all parties involved are aware of the simultaneous execution and that the terms and conditions within each document are aligned. By using the phrase "of even date," any discrepancies or confusion regarding the chronological order or priority of the documents can be avoided.
By explicitly stating that the documents are of even date, it establishes a clear and binding relationship between them. For example, if a purchase agreement and a mortgage agreement are both signed on the same day, stating that they are of even date ensures that they are equally valid and enforceable.
Furthermore, the phrase "of even date" is often seen in legal provisions, specifically among contracts or clauses that reference other legal documents. In these cases, it serves as a way to cross-reference or incorporate other agreements from the same day.
Overall, when documents are described as being of even date, it simply implies that they were executed or produced simultaneously on the same day, reinforcing their synchronicity and establishing a clear correlation between the mentioned legal instruments.
