How can an executed counterpart of the Advanced Mobile Iv And Amiv agreement be delivered?
Advanced_Mobile_Iv_And_Amiv Franchise · 2023 FDDAnswer from 2023 FDD Document
- 9.11 Execution in Counterparts and Our Acceptance. This Agreement will be binding upon you at the time you sign it and deliver it to us. This Agreement will not be binding upon us until we accept it in writing by one of our principal officers at our home office. If we do not accept it within 60 days, this Agreement will no longer be binding upon you. This Agreement may be executed in any number of counterparts, each of which, when so executed and delivered, will constitute an original. Delivery of executed signature pages of this Agreement by facsimile or digital transmission will constitute effective and binding execution and delivery of this Agreement.
Source: Item 23 — RECEIPTS (FDD pages 54–202)
What This Means (2023 FDD)
According to Advanced Mobile Iv And Amiv's 2023 Franchise Disclosure Document, the franchise agreement can be executed in multiple counterparts, each considered an original once executed and delivered. This means that the agreement does not need to be signed all on one physical document; separate copies can be signed and then compiled to form the complete agreement.
Importantly, Advanced Mobile Iv And Amiv specifies that delivering executed signature pages via facsimile or digital transmission constitutes effective and binding execution and delivery of the agreement. This allows for a more streamlined and efficient process, as franchisees and Advanced Mobile Iv And Amiv do not necessarily need to physically mail the documents. Instead, they can use fax or digital methods (such as scanned and emailed copies) to exchange signed signature pages.
However, the agreement is only binding on Advanced Mobile Iv And Amiv once one of its principal officers accepts it in writing at the company's home office. If Advanced Mobile Iv And Amiv does not accept the agreement within 60 days, it is no longer binding on the franchisee. This clause protects Advanced Mobile Iv And Amiv from being bound to an agreement it does not approve, even after the franchisee has signed and delivered it.