Agreement Executed In Counterparts

State:
Multi-State
Control #:
US-01615BG
Format:
Word; 
Rich Text
Instant download

Description

There are primarily four types of intellectual property in the U.S.: (1) patents, (2) trademarks, (3) copyrights and (4) trade secrets. A copyright exists automatically once the creator of a "work" fixes the work in a tangible medium. A work is "fixed in a tangible medium" when it is written, photographed, recorded or otherwise documented. Copyrights can include everything from books and works of literature, as well as non-literary written documents, including compilations of data, references, price lists and computer software. Although a copyright will generally exist under the common law automatically, the rights of the creator are best protected when the creator files for copyright protection under the Copyright Act (17 U.S.C. 201) through the U.S. Patent and Trademark Office.

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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,

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Agreement Executed In Counterparts