Can the Itan Franchise Agreement be executed in multiple counterparts?
Itan Franchise · 2025 FDDAnswer from 2025 FDD Document
24.15.Counterparts. This Agreement may be signed in multiple counterparts, each of which shall be deemed an original and all of which together shall constitute but one and the same document.
Source: Item 23 — RECEIPT (FDD pages 44–190)
What This Means (2025 FDD)
According to Itan's 2025 Franchise Disclosure Document, the Franchise Agreement can be signed in multiple counterparts. This means that each party can sign a separate copy of the agreement, and all signed copies together will constitute one and the same agreement. This is a fairly standard practice in franchising and business law in general.
For a prospective Itan franchisee, this offers some flexibility in the signing process. It allows each party to sign the agreement at different times or locations without needing to physically exchange the same document. This can be particularly useful if the franchisee and Itan are located in different geographic areas.
The FDD specifies in section 24.15 that each counterpart is considered an original, and all counterparts together form a single, complete agreement. This ensures that all signed copies are legally binding and enforceable, regardless of whether they are physically combined into one document.