For Corcoran, what is the effect of facsimile or electronic copies of the Addendum?

According to the 2025 Corcoran Franchise Disclosure Document, a facsimile or electronic copy of the addendum has the same legal power as the original document. This means that for all legal and practical purposes, a scanned or electronically transmitted copy of the addendum is considered equivalent to a document bearing original signatures.

This provision simplifies the process of executing and exchanging the addendum, as it eliminates the need to physically mail original documents. A Corcoran franchisee can sign and return the addendum electronically, and Corcoran will treat it as a binding agreement. This accelerates the onboarding and amendment processes.

However, franchisees should ensure that the electronic or faxed copies are clear and complete to avoid any disputes about the authenticity or content of the document. It is a common practice in franchising to accept electronic signatures and copies for convenience, but maintaining proper records is still crucial.