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If the transaction has a retroactive effect between the two parties, it's not likely this will apply if nonparties become involved.It can be difficult if not impossible to think of all the nonparties who might be affected by a transaction, so it's unlikely there will be consequences that are unintended that won't be fixed by backdating a contract.It's surprisingly complicated to backdate written agreements effectively so they're retroactively enforceable.This is true when there's a complex deal that has multiple documents and the retroactive date is a few months behind.Sometimes contracts will be signed on different dates and an "as of" formula that's described in the paper may be used.Sometimes it's possible to describe a situation in the contract's body without needing to backdate it, which is preferred.

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Backdating documents violates United States tax laws in the following situations: Other jurisdiction laws are similar.From 2003 to 2005, the company fell under investigation by the Security and Exchange Commission related to corporate and personal financial fraud after going public that led to Brant resigning by 2006 alongside the departures of other former executives and board members.As a result of this mismanagement, the company's majority shareholders led a takeover of Take-Two in March 2007, replacing them with Strauss Zelnick as the new Chairman and CEO.As of March 2018, it is the third-largest publicly traded game company in the Americas and Europe after Activision Blizzard and Electronic Arts, with an estimated market cap of Take-Two was founded by Ryan Brant in September 1993, looking to become a major publisher in the video game area.The company went public in April 1997, and later acquired the publisher and developer behind Grand Theft Auto, through which it formed Rockstar Games and Rockstar North, respectively, and also leading to their long-standing "label" structure.

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