factual

For Epcon Communities, is each counterpart of the Sublicense Agreement considered a duplicate original?

Epcon_Communities Franchise · 2025 FDD

Answer from 2025 FDD Document

  • B. Duplicate Originals. This Sublicense Agreement may be executed in one or more counterparts, each of which shall be deemed to be a duplicate original, but all of which, when taken together, shall be deemed to constitute a single instrument.

Source: Item 23 — RECEIPTS (FDD pages 86–280)

What This Means (2025 FDD)

According to the 2025 Epcon Communities Franchise Disclosure Document, the Sublicense Agreement may be executed in one or more counterparts. Each counterpart is considered a duplicate original. However, all counterparts, when taken together, are deemed to constitute a single instrument.

This means that Epcon Communities allows the Sublicense Agreement to be signed in multiple copies, and each copy holds the same legal weight as the original. This is a fairly standard practice in franchising and contract law, allowing for easier distribution and execution of the agreement when multiple parties are involved or are geographically separated.

This clause simplifies the execution process, as each party can sign a separate copy without needing to physically exchange the same document. It's important to note that while each counterpart is an original, all of them together form a single, complete agreement. Franchisees should ensure that all counterparts are properly executed and stored to avoid any potential disputes regarding the terms of the agreement.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.