Can the Marble Slab Creamery agreement be executed in multiple counterparts?
Marble_Slab_Creamery Franchise · 2025 FDDAnswer from 2025 FDD Document
-
- Counterparts. This Agreement may be executed in any number of counterparts, each of which when so executed and delivered shall be deemed to be an original and all of which counterparts taken together shall constitute but one and the same instrument. Signature and acknowledgment pages may be detached from the counterparts and attached to a single copy of this Agreement to form one document, which ma
Source: Item 23 — RECEIPT (FDD pages 101–346)
What This Means (2025 FDD)
According to the 2025 Marble Slab Creamery FDD, the franchise agreement can be executed in multiple counterparts. This means that the agreement does not require all parties to sign the same physical document. Instead, each party can sign a separate copy (counterpart) of the agreement, and all the signed copies together will constitute one complete and binding agreement.
This flexibility is common in franchise agreements and simplifies the signing process, especially when the parties are geographically separated. It allows Marble Slab Creamery and the franchisee to sign their respective copies and exchange them without needing to coordinate a single signing event or send the same document back and forth.
The FDD specifies that each counterpart is considered an original once executed and delivered. Furthermore, it clarifies that signature and acknowledgment pages can be detached from the counterparts and attached to a single copy to form one complete document. This ensures that there is a consolidated version of the agreement for record-keeping purposes.
This clause streamlines the execution process, making it more efficient for both Marble Slab Creamery and its franchisees to finalize the franchise agreement.