How can the Maryland Franchise Agreement Addendum for Golden Krust Caribbean Restaurant be executed?
Golden_Krust_Caribbean_Restaurant Franchise · 2024 FDDAnswer from 2024 FDD Document
in connection with the franchise.
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- To the extent this Addendum is deemed to be inconsistent with any terms or conditions of the Franchise Agreement, the terms of this Addendum shall govern.
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- Any capitalized term that is not defined in this Addendum shall have the meaning given it in the Franchise Agreement.
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- Except as expressly modified by this Addendum, the Franchise Agreement remains unmodified and in full force and effect.
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- This Addendum may be executed in multiple counterparts, each of which when executed and delivered shall be deemed an original and all of which together shall constitute one and the same agreement. Delivery of an executed counterpart of a signature page of this Addendum by electronic transmission (including PDF) shall be as effective as delivery of a manually executed counterpart of this Addendum.
Source: Item 22 — CONTRACTS (FDD page 35)
What This Means (2024 FDD)
According to the 2024 Franchise Disclosure Document, the Maryland Franchise Agreement Addendum for Golden Krust Caribbean Restaurant can be executed in multiple counterparts. Each counterpart, once executed and delivered, is considered an original. All counterparts together form one and the same agreement.
Delivery of a signature page via electronic transmission, including PDF, is considered as effective as delivering a manually executed counterpart. This means franchisees and Golden Krust Caribbean Restaurant can sign separate copies of the addendum and exchange them electronically to finalize the agreement.
This flexibility in execution allows for easier and faster completion of the agreement, especially when parties are geographically separated. It's a fairly standard practice in modern franchising to allow for electronic signatures and counterpart execution to streamline the legal processes.
This addendum is integrated into the Franchise Agreement, and any capitalized terms not defined within the addendum will have the same meaning as in the original Franchise Agreement. Except for the specific modifications outlined in the addendum, the original Franchise Agreement remains in full effect.