Regarding the Addendum for Carls Jr., can it be executed in counterparts, and what is the implication of doing so?
Carls_Jr Franchise · 2025 FDDAnswer from 2025 FDD Document
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- This Addendum may be executed in counterparts, and each copy so executed and delivered shall be deemed to be an original.
Source: Item 23 — RECEIPTS (FDD pages 76–364)
What This Means (2025 FDD)
According to the 2025 Carls Jr. Franchise Disclosure Document, the Lease Addendum can be executed in counterparts, meaning that each copy of the addendum, once signed and delivered, is considered an original. This allows the parties involved (Landlord and Tenant) to sign different copies of the same document, which together constitute a single, binding agreement.
This flexibility simplifies the execution process, especially when the parties are geographically separated. Each party can sign their respective copy and then exchange them, without needing to physically convene to sign a single document. This is a fairly standard practice in franchise agreements and related documents, as it streamlines the administrative aspects of finalizing the agreement.
For a prospective Carls Jr. franchisee, this means that the Lease Addendum, which modifies the lease agreement to incorporate provisions required by the Franchise Agreement, can be efficiently executed. This clause ensures that the agreement is legally sound and enforceable, even if signed in separate locations or at different times, as long as each party's signature is obtained on a copy of the document.