For Christies International Real Estate, if the Release is executed in counterparts, how are they considered?
Christies_International_Real_Estate Franchise · 2025 FDDAnswer from 2025 FDD Document
- 2.3. This Release may be executed in counterparts, and signatures exchanged by fax or pdf, and each such counterpart, when taken together with all other identical copies of this Release also signed in counterpart, will be considered as one Release.
Source: Item 23 — RECEIPT (FDD pages 54–177)
What This Means (2025 FDD)
According to the 2025 Christies International Real Estate Franchise Disclosure Document, a Release may be executed in counterparts, with signatures exchanged via fax or PDF. Each counterpart, when combined with all other identical copies of the Release also signed in counterpart, will be considered as one single Release.
This means that Christies International Real Estate allows for flexibility in the execution of the Release document. Franchisees and the franchisor do not necessarily need to sign the same physical document at the same time. Instead, they can sign separate copies (counterparts) and exchange them electronically.
For a prospective Christies International Real Estate franchisee, this simplifies the signing process, especially if the franchisee and franchisor are geographically separated. It ensures that all signed copies collectively form a complete and legally binding agreement, as if it were a single, original document.