According to the Casiola General Release, can it be signed in counterparts?
Casiola Franchise · 2024 FDDAnswer from 2024 FDD Document
WHEREAS, you acknowledge that this Agreement will apply to you individually, jointly and severally with all others who sign this Agreement (including if this Agreement is signed in counterparts or electronically among other Owners);
Source: Item 23 — RECEIPTS (FDD pages 47–209)
What This Means (2024 FDD)
According to the 2024 Casiola Franchise Disclosure Document, the General Release agreement can be signed in counterparts. This means that the agreement does not need to be executed on a single document. Each party can sign a separate copy of the same document, and the multiple copies together will be considered a single, binding agreement.
This flexibility is particularly useful when the parties are geographically separated, as it allows each party to sign the agreement in their own location and then exchange the signed copies. It streamlines the signing process, as it eliminates the need to send a single document back and forth between multiple parties.
For a prospective Casiola franchisee, this means that the General Release, which is required as part of the franchise agreement, can be signed conveniently, even if the franchisee and franchisor are not in the same location. The FDD states, "WHEREAS, you acknowledge that this Agreement will apply to you individually, jointly and severally with all others who sign this Agreement (including if this Agreement is signed in counterparts or electronically among other Owners);" This clause confirms that the agreement is valid whether signed in person or electronically.