Does each counterpart of the Ledgers Franchise Agreement have the same legal effect as the original?
Ledgers Franchise · 2025 FDDAnswer from 2025 FDD Document
10.9. Counterparts
This Agreement may be executed by the parties in this Agreement in separate counterparts, each of which when so executed and delivered will be an original, but all such counterparts will together constitute but one and the same instrument. The Agreement may be signed and delivered electronically via email, facsimile or other means, which will each have the same legal effect as if signed in hardcopy with traditional ink.
Source: Item 22 — CONTRACTS (FDD page 46)
What This Means (2025 FDD)
According to Ledgers' 2025 Franchise Disclosure Document, the Franchise Agreement can be executed in separate counterparts. Each counterpart, once executed and delivered, is considered an original. All the counterparts together will constitute a single instrument.
Furthermore, the Ledgers Franchise Agreement can be signed and delivered electronically via email, facsimile, or other means. These electronic signatures have the same legal effect as a hardcopy signature with traditional ink.
This means that franchisees and Ledgers can sign different copies of the agreement, or sign and exchange the agreement electronically, without affecting the agreement's validity. This flexibility simplifies the signing process, especially for parties in different locations.