If the Itan agreement is signed in multiple counterparts, what do they constitute?
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 may be signed in multiple counterparts. Each of these counterparts is considered an original. However, all of the counterparts together will constitute a single document.
This means that Itan and the franchisee can sign separate copies of the same agreement, and each signed copy will have the same legal weight as the original. This is a common practice in franchising and business law, as it allows parties in different locations to sign the agreement without having to physically exchange a single document.
For a prospective Itan franchisee, this clause simplifies the signing process, especially if the franchisee and Itan representatives are not in the same location. It ensures that the agreement is legally binding even if signed in separate copies, as long as the content is identical across all counterparts.