How many counterparts can the Bevaris Alliance agreement be executed in?
Bevaris_Alliance Franchise · 2024 FDDAnswer from 2024 FDD Document
- (a) This agreement may be executed in any number of counterparts, each of which when executed and delivered shall constitute a duplicate original, but all the counterparts shall together constitute the one agreement.
- (b) Transmission of an executed counterpart of this agreement (but for the avoidance of doubt not just a signature page) or the executed signature page of a counterpart of this agreement] by (a) fax or (b) email (in PDF, JPEG or other agreed format) shall take effect as delivery of an executed counterpart of this agreement. If either method of delivery is adopted, without prejudice to the validity of the agreement thus made, each party shall provide the others with the original of such counterpart as soon as reasonably possible thereafter.
Source: Item 23 — RECEIPT (FDD pages 22–88)
What This Means (2024 FDD)
According to the 2024 Bevaris Alliance Franchise Disclosure Document, the franchise agreement may be executed in any number of counterparts. Each executed counterpart serves as a duplicate original, and all counterparts together form a single agreement.
This means that the Bevaris Alliance franchise agreement does not require all parties to sign a single physical document. Instead, the agreement can be signed in multiple copies, which is particularly useful when the parties are geographically separated or have scheduling constraints. Each signed copy holds the same legal weight as the original.
The FDD also specifies that transmitting an executed counterpart or just the signature page via fax or email (in PDF, JPEG, or another agreed format) is considered valid delivery of an executed counterpart, provided that the original counterpart is furnished as soon as reasonably possible. This facilitates a quicker and more efficient agreement process, which is common in modern franchising.
This flexibility in execution and delivery can expedite the process of finalizing the franchise agreement, allowing the franchisee to commence operations sooner. However, franchisees should ensure that all counterparts are properly executed and delivered to avoid any potential disputes regarding the agreement's validity.