How can the Addendum to the Corner Bakery Cafe Franchise Agreement be executed?
Corner_Bakery_Cafe Franchise · 2025 FDDAnswer from 2025 FDD Document
- 5. This Addendum may be executed in multiple counterparts, each of which when executed and delivered shall be deemed an original and all of which together shall constitute one and the same agreement. Delivery of an executed counterpart of a signature page of this Addendum by electronic transmission (including PDF) shall be as effective as delivery of a manually executed counterpart of this Addendum.
Source: Item 22 — CONTRACTS (FDD page 55)
What This Means (2025 FDD)
According to the 2025 Franchise Disclosure Document, the Addendum to the Corner Bakery Cafe Franchise Agreement can be executed in multiple counterparts. Each counterpart, once executed and delivered, is considered an original, and all counterparts together form one and the same agreement.
For Corner Bakery Cafe, the delivery of a signature page via electronic transmission, including PDF, is considered as effective as delivering a manually executed counterpart of the Addendum. This allows for flexibility and efficiency in finalizing the agreement, especially for franchisees who may be located at a distance from the franchisor's headquarters.
This clause ensures that all parties can sign separate copies of the same document, and each signed copy is legally binding as if it were the original. This is a common practice in franchise agreements to accommodate the logistical challenges of obtaining signatures from all parties involved. This also speeds up the process of finalizing agreements, as parties do not have to wait for a single document to be physically circulated for signatures.