Under the Mr. Sandless agreement, what is the effect of signing the agreement in counterparts?
Mr_Sandless Franchise · 2025 FDDAnswer from 2025 FDD Document
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- This Agreement may be signed in counterparts, each of which shall be binding against the party executing it and considered as the original.
Source: Item 23 — RECEIPTS (FDD pages 42–167)
What This Means (2025 FDD)
According to the 2025 Mr. Sandless Franchise Disclosure Document, the agreement may be signed in counterparts. This means that the agreement can be executed in multiple identical copies, each of which is signed by one or more parties. Each signed copy is considered an original, and all of the signed copies taken together constitute one and the same agreement.
For a prospective Mr. Sandless franchisee, this simplifies the signing process, especially if the franchisee and franchisor are not in the same location. Each party can sign a separate copy and then exchange them, rather than needing to coordinate a single signing event. This is a fairly standard practice in franchise agreements and other legal contracts.
It is important to note that each counterpart must be identical to the others to ensure that all parties are agreeing to the same terms and conditions. Once all counterparts are signed and exchanged, the agreement becomes fully effective and binding on all parties involved.