Does the Boulder Designs Franchise Agreement allow for counterpart execution?
Boulder_Designs Franchise · 2025 FDDAnswer from 2025 FDD Document
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- Counterpart Execution; Facsimile Signatures. This Agreement may be executed in multiple counterparts, each of which will be an original when executed, and all of which will constitute one and the same instrument.
Source: Item 22 — CONTRACTS (FDD page 50)
What This Means (2025 FDD)
According to the 2025 Boulder Designs Franchise Disclosure Document, the agreement allows for counterpart execution. This means that the agreement can be signed in multiple identical copies, or "counterparts." Each of these counterparts is considered an original, and all of them together constitute a single agreement.
This is a fairly standard clause in franchise agreements and other legal contracts. It allows the parties to sign separate copies of the same document, which can be useful when the parties are in different locations. It also allows for faster execution of the agreement, as the parties do not have to wait for a single copy to be circulated for signatures.
For a prospective Boulder Designs franchisee, this clause simplifies the signing process. They do not need to be in the same location as Boulder Designs to sign the agreement, and they can each keep an original copy for their records. The FDD also states that facsimile signatures are acceptable.