Under the Amorino Addendum, can the document be executed in counterparts?
Amorino Franchise · 2025 FDDAnswer from 2025 FDD Document
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- Counterparts. This Addendum may be executed in one or more counterparts, (including by facsimile or .pdf copies of original signatures), each of which counterparts shall be deemed to be an original, but all of which together shall constitute one and the same instrument.
Source: Item 22 — CONTRACTS (FDD pages 80–81)
What This Means (2025 FDD)
According to Amorino's 2025 Franchise Disclosure Document, the Addendum to the Franchise Agreement can be executed in counterparts. This means that the Addendum does not require all parties to sign the same physical document. Instead, each party can sign a separate copy, and all the signed copies together will be considered a single, binding agreement. These counterparts can include copies of original signatures transmitted via facsimile or as .pdf files.
This flexibility simplifies the signing process, especially when the parties are geographically separated. It allows Amorino and the franchisee to sign their respective copies of the Addendum and exchange them electronically or by mail, rather than needing to coordinate a single signing event. This can expedite the finalization of the agreement.
For a prospective Amorino franchisee, this clause offers convenience and efficiency. It reduces the logistical hurdles associated with executing legal documents, making the onboarding process smoother. It's a fairly standard practice in franchising and business transactions in general, reflecting a modern approach to document execution.