Can the Pearce Bespoke Release be executed in multiple counterparts?
Pearce_Bespoke 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 the 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 23 — RECEIPTS (FDD pages 39–172)
What This Means (2025 FDD)
According to the 2025 Pearce Bespoke Franchise Disclosure Document, the General Release of Claims can be executed in multiple counterparts. This means that the agreement does not require all parties to sign the same physical document to be considered valid. Instead, each party can sign a separate copy, and all the copies together will be treated as one single, complete agreement.
For a prospective Pearce Bespoke franchisee, this provides flexibility and convenience, especially if the parties involved are geographically separated. It allows for efficient processing of the release, as signatures can be obtained independently and then compiled to form the complete agreement. This can expedite the process of finalizing agreements, such as those required for franchise renewal or the sale of a franchise.
It is important to note that while multiple counterparts are permitted, all individual copies must be identical. This ensures that all parties are agreeing to the same terms and conditions, regardless of which specific copy they sign. This clause helps to avoid disputes that could arise if different versions of the release were signed by different parties. Pearce Bespoke also states that each counterpart is considered an original, further solidifying the legal standing of the agreement regardless of how it is executed.