Agreement Executed In Counterparts
Description
How to fill out Copyright Security Agreement Executed In Connection With Loan Agreement?
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FAQ
This Agreement may be executed in multiple counterparts, and any Party may execute any such counterpart, each of which when executed and delivered will thereby be deemed to be an original and all of which counterparts taken together will constitute one and the same instrument.
Counterpart is a copy or duplicate of a legal instrument. Where an instrument, especially a contract, is signed by the parties on different copies, one of the copies is the original while the others are counterparts.
This boilerplate clause allows the parties to a deed or agreement to execute any number of separate copies of the document (each a "counterpart") rather than all parties having to sign the same physical copy, and makes it clear that the parties intend for the document to be enforceable only once all the necessary
Related Content. A way of executing a document that is intended to have legal effect between two or more parties, which involves each party signing their own separate copy of the document and then exchanging their signed copy for the copy that has been signed by the other party.
The purpose of a counterparts clause is to facilitate commercial arrangements where it may not be practical for every party to sign every copy of an agreement or deed, and to enable each party to retain an executed copy of the agreement which may then be produced as an original if required for evidentiary purposes or,
