Can the My Salon Suite release agreement be executed in multiple counterparts?
My_Salon_Suite Franchise · 2025 FDDAnswer from 2025 FDD Document
- f. This Release constitutes the entire agreement and, as such, supersedes all prior oral and written agreements or understandings between and among the Parties regarding the subject matter hereof. This Release may not be modified except in a writing signed by all Parties. This Release may be executed 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 6 — Other Intangibles and Goodwill (FDD pages 274–314)
What This Means (2025 FDD)
According to the 2025 My Salon Suite Franchise Disclosure Document, the release agreement can be executed in multiple counterparts. This means that the agreement does not need to be signed on a single document. Instead, each party can sign a separate copy of the same agreement, and all the signed copies together will be considered one complete and binding agreement.
For a prospective My Salon Suite franchisee, this provides flexibility in the execution process. If the parties are geographically separated or have difficulty coordinating schedules to sign the same document simultaneously, they can each sign separate copies and exchange them. This can expedite the process of finalizing the release agreement.
The FDD specifies that each counterpart is deemed an original, and all counterparts together constitute a single document. This ensures that all signed copies carry the same legal weight as a single, unified document. This is a fairly standard clause in legal agreements, allowing for ease of execution without compromising the agreement's enforceability.
It is important for the franchisee to ensure that all counterparts are identical and accurately reflect the agreed-upon terms to avoid any discrepancies or disputes later on. Keeping a complete set of all signed counterparts is also crucial for record-keeping purposes.