What is the effect of executing the Kidokinetics agreement in counterparts?

According to Kidokinetics's 2024 Franchise Disclosure Document, the franchise agreement can be executed in multiple counterparts. This means that the agreement does not need to be signed on one single document. Each counterpart, once signed, is considered an original, and all of the counterparts together form one and the same agreement.

For a prospective Kidokinetics franchisee, this provides flexibility in the signing process. It allows different parties to sign separate copies of the same agreement, which can be particularly useful if the franchisee and Kidokinetics representatives are not in the same location. Each signed copy is legally binding as if it were the original document.

This practice is common in franchising and business law generally, as it simplifies the logistics of obtaining signatures from all parties involved, especially when they are geographically dispersed. It ensures that the agreement is enforceable even if all signatures are not on the same physical document.