According to the Bambu franchise agreement, can the agreement be executed in counterparts?
Bambu Franchise · 2025 FDDAnswer from 2025 FDD Document
| 16. | Counterparts; Electronic Signatures. This Agreement may be executed in counterparts | |
|---|---|---|
| and via electronic signatures. | The parties have signed this Agreement on | |
| BAMBU: | FRANCHISEE: | |
| BAMBU FRANCHISING LLC, a Colorado limited liability company | a | |
| By: | By: | |
| Its: | Its: ASSOCIATE: Print Name: |
Source: Item 23 — Receipts (FDD pages 52–209)
What This Means (2025 FDD)
According to Bambu's 2025 Franchise Disclosure Document, the franchise agreement can be executed in counterparts and via electronic signatures. This means that the franchise agreement does not require all parties to sign the same physical document at the same time. Instead, each party can sign a separate copy (counterpart) of the agreement, and all the signed copies together constitute the complete and binding agreement.
Furthermore, Bambu allows for electronic signatures, adding flexibility to the signing process. This means franchisees and Bambu can sign the agreement digitally, which can expedite the process and reduce administrative overhead. The FDD states that delivering a signature page via facsimile or electronic format is considered effective delivery of a manually executed counterpart.
The franchise agreement considers electronic or digital signatures as valid and enforceable as manually executed signatures or paper-based record-keeping systems, as provided under applicable laws. This ensures that electronically signed agreements hold the same legal weight as traditional paper agreements, offering convenience without sacrificing legal validity.