Does Bang Cookies allow the Franchise Agreement to be executed in counterparts?
Bang_Cookies Franchise · 2024 FDDAnswer from 2024 FDD Document
18.W. COUNTERPARTS, ELECTRONIC SIGNATURES, AND MULTIPLE COPIES
This Agreement may be executed electronically. This Agreement may be executed in counterparts, all of which counterparts shall be deemed originals and taken together shall constitute a single agreement. Executed electronic or print duplicates of this Agreement, if any, and their respective signatures shall be
Source: Item 23 — RECEIPTS (FDD pages 56–245)
What This Means (2024 FDD)
According to Bang Cookies's 2024 Franchise Disclosure Document, the Franchise Agreement may be executed in counterparts. This means that the agreement can be signed in multiple identical copies, which together constitute a single agreement. Each counterpart is considered an original, providing flexibility in the signing process, especially when the parties are geographically separated. Bang Cookies also allows for electronic signatures. This offers additional convenience, as the agreement can be executed without the need for physical signatures. Executed electronic or print duplicates of this Agreement, and their respective signatures, shall be considered valid.
This is a fairly standard practice in franchising, as it allows for efficient execution of agreements, especially when dealing with multiple franchisees across different locations. The ability to use electronic signatures further streamlines the process, reducing the time and costs associated with traditional paper-based agreements. Prospective Bang Cookies franchisees should ensure that they receive a fully executed copy of the agreement for their records.
It is important to note that while the agreement can be executed in counterparts and electronically, all versions must be identical to ensure that all parties are bound by the same terms and conditions. Franchisees should carefully review all counterparts to confirm consistency and accuracy before signing. This clause provides convenience without altering the legal obligations of either party.