Counterparts Provision In Contract
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FAQ
A counterpart of a document is a copy. It is usually created: (a) to accommodate situations where parties are unable to execute a single document at the same time or. place because they may be, for example, located in different cities, countries, time zones or otherwise. unavailable at the time of signing.
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.
A counterparts clause states that the parties signing the agreement don't all need to sign the same copy. Any copy of the agreement may be treated as an original.
To sign a contract in counterparts means that each party to the contract will be signing different, but identical, copies of the contract. The purpose of a counterpart clause of a contract is to expressly allow for the parties to the contract to sign in counterparts that is, to sign different copies of the contract.
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.
