Can the Focus Cfo Franchise Agreement be executed in multiple counterparts?
Focus_Cfo Franchise · 2025 FDDAnswer from 2025 FDD Document
- 16.10. Execution of Franchise Agreement. Execution and delivery of this Agreement and any amendments shall be legally valid and effective through: (i) hand-delivery; (ii) electronic mail in "portable document format" ('.pdf") or any other electronically scanned format; or (iii) use of an electronic document execution and delivery process (i.e., DocuSign®). This Agreement may be executed in multiple counterparts and Franchisor and Franchisee may execute any such counterpart, each of which when executed and delivered shall be deemed to be an original and all of which counterparts taken together shall constitute but one and the same instrument.
Source: Item 23 — Receipts (FDD pages 37–126)
What This Means (2025 FDD)
Yes, according to the 2025 Focus Cfo Franchise Disclosure Document, the Franchise Agreement and any amendments can be executed and delivered through hand-delivery, electronic mail in PDF format, or via an electronic document execution process like DocuSign. The agreement may be executed in multiple counterparts, meaning that the franchisee and Focus Cfo can sign separate copies of the same agreement, which together will be considered a single, complete agreement. Each signed copy is considered an original.
This flexibility allows for efficient processing of the agreement, especially when parties are geographically separated. It streamlines the signing process, as each party can sign their respective copy without needing to be physically present or waiting for the other party to sign the same document. This is a common practice in modern franchising, accommodating the needs of franchisors and franchisees who may be located in different regions or countries.
For a prospective Focus Cfo franchisee, this means that the signing process can be handled remotely and efficiently, reducing delays and administrative burdens. It's important to note that all counterparts, once executed and delivered, collectively form a single, legally binding agreement. Franchisees should ensure they receive a complete copy of the agreement with all counterparts to maintain a comprehensive record of their obligations and rights.