How To Use
This Ratification of Agreement is very useful to have signed after an agreement has been concluded with a difficult party.
It is especially important to be done if no lawyer was involved in the initial deal or at the signing. This effectively eliminates the rescission period available in certain consumer contracts (i.e., people have a certain number of days to rescind the agreement).
If you get this Ratification of Agreement signed 10 or days or more after the initial agreement, then you have accomplished that purpose and seriously put a brake on any lawyer challenging it at a later date. On a personal basis, I have never had a lawyer bring suit against me or any company of mine when I had this ratification agreement in hand.
On the other hand, it did create a number of angry lawyers on the other side looking for a fee! What more eloquent statement could be made about the usefulness of this agreement! On a final note, the signing of this agreement by both parties, 10 days or more after the initial agreement, had an important ceremonial aspect of ratification and conclusion. It helped.
Many lawyers will advise this is not a “necessary” document, and they would be right. But, they can never deny that it was useful, unless they are on the other side seeking a fee!
PS. This Agreement is so versatile, that it is one of the few we have included in two places, legal utilities and business agreements.
Ratification of Agreement
This is to ratify the Agreement attached as Exhibit 1 (“Exhibit1”). The parties signed Exhibit 1 ________ days ago and hereby ratify it in its entirety, having had sufficient time after the fact to wish to make this declaration in support of Exhibit 1 in it totality.
Any notice required by this Agreement or given in connection with it, shall be in writing and shall be given to the appropriate party by personal delivery or a recognized over night delivery service such as FedEx.
In Witness whereof, the parties have executed this Agreement as of the date first written above.