Can the Christian Brothers Automotive Lease be executed in counterparts?
Christian_Brothers_Automotive Franchise · 2025 FDDAnswer from 2025 FDD Document
- COUNTERPARTS.
26.01 Counterparts and Electronic Signatures. This Agreement may be executed in any number of counterparts, each of which so executed shall be deemed to be an original and such counterparts shall together constitute but one and the same Agreement. The parties shall be entitled to sign this Agreement electronically or digitally and transmit electronic or digital copies of this Agreement (whether by facsimile, PDF or other email or electronic transmission), whereby such electronic signatures shall be binding on the party whose name is contained therein.
Source: Item 23 — RECEIPTS (FDD pages 76–372)
What This Means (2025 FDD)
According to the 2025 Christian Brothers Automotive Franchise Disclosure Document, the Franchise Agreement can be executed in counterparts. This means that the agreement can be signed in multiple identical copies, which together constitute a single agreement. Each signed copy is considered an original.
Christian Brothers Automotive also allows for electronic or digital signatures on the agreement. These signatures, transmitted via methods like facsimile, PDF, or other electronic means, are legally binding on the signing party. This provides flexibility and convenience for both the franchisee and the franchisor during the agreement process.
This clause streamlines the signing process, especially when the franchisee and Christian Brothers Automotive representatives are geographically separated. It reduces the need for physical meetings or mailing original documents, making the agreement process more efficient. Franchisees should ensure they receive a complete copy of the fully executed agreement, regardless of whether it's signed in counterparts or electronically, for their records.