Can the Baya Bar Franchise Agreement be executed in multiple counterparts?
Baya_Bar Franchise · 2024 FDDAnswer from 2024 FDD Document
- 21.11 Counterparts.
This Agreement may be executed in multiple counterparts, each of which when so executed shall be an original, and all of which shall constitute one and the same instrument.
Source: Item 22 — CONTRACTS (FDD page 56)
What This Means (2024 FDD)
According to Baya Bar's 2024 Franchise Disclosure Document, the Franchise Agreement can be executed in multiple counterparts. This means that the agreement does not require all parties to sign the same physical document. Instead, each party can sign a separate copy, and all signed copies together will constitute one and the same agreement.
This practice is common in franchise agreements as it allows for greater flexibility and efficiency in the signing process, especially when the parties are geographically separated. Each counterpart is considered an original, providing legal validity to the agreement regardless of which specific copy is reviewed.
For a prospective Baya Bar franchisee, this simplifies the execution process, as they can sign their copy of the agreement and return it without needing to coordinate a single signing event with Baya Bar. This clause streamlines the administrative aspects of finalizing the franchise agreement.