Does the Corcoran Location Addendum allow for execution in counterparts?

The 2025 Corcoran Franchise Disclosure Document does not explicitly state whether the Location Addendum can be executed in counterparts. However, Exhibit C-1 lists the Location Addendum to the Franchise Agreement as part of the disclosure document. Additionally, the document includes a general definition of "Location Addendum" as the form and terms in effect when a franchisee is granted rights to operate from a new Branch Office.

While the Location Addendum itself is not directly addressed regarding counterpart execution, another document included in the FDD, the Expansion Promissory Note, does contain language allowing for execution in counterparts. Specifically, it states that "This Note may be executed in counterparts, each of which will be deemed an original, and all of which will constitute one Note." This suggests that Corcoran is aware of and utilizes the practice of counterpart execution in its agreements.

Because the FDD does not directly address whether the Location Addendum can be executed in counterparts, a prospective franchisee should seek clarification from Corcoran during their due diligence. Specifically, they should ask Corcoran whether they permit the Location Addendum to be signed in counterparts, allowing each party to sign separate copies that together constitute the agreement.