Can the Craters & Freighters agreement be executed in multiple counterparts?
Craters_Freighters Franchise · 2025 FDDAnswer from 2025 FDD Document
Counterparts.
This Agreement may be executed in more than one counterpart, each of which shall constitute an original copy.
Source: Item 23 — RECEIPTS (FDD pages 50–193)
What This Means (2025 FDD)
According to the 2025 Craters & Freighters Franchise Disclosure Document, the franchise agreement can be executed in multiple counterparts. This means that each party can sign a separate copy of the agreement, and all signed copies together will constitute one complete and binding agreement. This is a common practice in franchising as it allows for easier and faster execution of the agreement, especially when the parties are located in different locations.
For a prospective Craters & Freighters franchisee, this clause simplifies the signing process. Instead of needing to coordinate the physical exchange of a single document, the franchisee and franchisor can sign separate copies and exchange them electronically or by mail. This can save time and reduce logistical hurdles.
The FDD specifies that each counterpart has the same legal weight as an original copy. This ensures that all parties are bound by the same terms and conditions, regardless of which counterpart they signed. This clause is found under section 10, titled 'Counterparts' within Item 23, Receipts.