What is the effect of executing the Craters & Freighters agreement 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, each of which will be considered an original copy. This means that the agreement does not need to be signed on a single physical document. Instead, the franchisee and Craters & Freighters can sign separate copies, and each signed copy will have the same legal effect as if they had signed the same document.
For a prospective Craters & Freighters franchisee, this provides flexibility in the signing process. It allows for the agreement to be signed and exchanged even if the parties are not in the same location. Each party can sign their own copy and then exchange them, either physically or electronically, to create a fully executed agreement. This is a fairly standard practice in franchise agreements and other legal contracts.
It is important to note that all counterparts together constitute the entire agreement. So, while each individual copy is considered an original, it's the combination of all signed copies that represents the complete and binding agreement between the franchisee and Craters & Freighters.