Can the Advanced Mobile Iv And Amiv franchise agreement be executed in counterparts?
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 counterparts. This means that the agreement can be signed in multiple identical copies, which together constitute a single agreement. Each party can sign a separate copy, and all copies are considered original documents.
Advanced Mobile Iv And Amiv states that the delivery of executed signature pages by facsimile or digital transmission will constitute effective and binding execution and delivery of the agreement. This allows for a more streamlined and efficient signing process, as physical signatures and mailing are not necessarily required.
This clause also specifies that the agreement becomes binding on the franchisee upon signing and delivery to Advanced Mobile Iv And Amiv, but it is not binding on Advanced Mobile Iv And Amiv until accepted in writing by one of its principal officers at their home office. If Advanced Mobile Iv And Amiv does not accept the agreement within 60 days, it will no longer be binding on the franchisee. This condition protects Advanced Mobile Iv And Amiv by ensuring they have the final say in accepting the agreement.