Can the Checkersrallys addendum be executed in counterparts, and what is the effect of doing so?
Checkersrallys Franchise · 2025 FDDAnswer from 2025 FDD Document
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- Counterparts. This Addendum may be executed in one or more counterparts, each of which shall be deemed an original, but all of which taken together shall constitute one and the same instrument.
Source: Item 22 — CONTRACTS (FDD pages 91–92)
What This Means (2025 FDD)
According to the 2025 Checkersrallys Franchise Disclosure Document, the addendum to the franchise agreement can be executed in counterparts. This means that the agreement does not need to be signed on a single document. Instead, each party can sign a separate copy of the same agreement.
According to the FDD, each counterpart is considered an original, and all of the counterparts taken together constitute a single agreement. This allows for flexibility in the signing process, especially when the parties are geographically separated. It also streamlines the process, as each party can sign their respective copy and return it without waiting for others to do so.
Checkersrallys also allows for electronic signatures on the addendum. These signatures carry the same weight as physical signatures, further simplifying the execution process. This is becoming a common practice in franchising, as it speeds up the agreement process and reduces administrative burdens.