In the Release agreement for Dollar Rent A Car, how many copies are signed and delivered?
Dollar_Rent_A_Car Franchise · 2025 FDDAnswer from 2025 FDD Document
IN WITNESS WHEREOF, the parties hereto have duly signed and delivered this Release in duplicate on the day and year first above written.
Source: Item 23 — RECEIPTS (FDD pages 102–301)
What This Means (2025 FDD)
According to the 2025 Dollar Rent A Car Franchise Disclosure Document, the Release agreement is signed and delivered in duplicate. This means that two identical copies of the release are created, and each party (the franchisor and the franchisee) signs both copies. Each party then receives one of the signed copies.
Having duplicate signed copies ensures that both Dollar Rent A Car and the franchisee have an original record of the agreement, which can be important for legal and administrative purposes. This practice is fairly standard in franchising and other business agreements to provide a clear and verifiable record of the terms agreed upon by all parties.
The FDD also notes that the release may be executed in counterparts, with signatures exchanged electronically, and each counterpart, when taken together with all other identical copies of this Release also signed in counterpart, shall be considered as one Release. This means that the parties can sign different copies of the same document, which then together constitute a single, binding agreement. This is particularly useful when the parties are not in the same location and cannot sign the same physical document.