Connecticut Counterpart Execution
Description
How to fill out Counterpart Execution?
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FAQ
In the blank space following ?Dated This Day Of,? enter the actual date on which the contract is being signed or executed. For example, if the contract is being executed on March 24, 2023, you would enter ?March 24, 2023? in the blank space.
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.
It is usually followed by the actual date in which the contract is being signed. For example, if a contract is being signed on March 24, 2023, the phrase ?Dated This Day Of? would be followed by ?March 24, 2023? to indicate the exact date of execution.
The execution date is the date the contract is signed and finalized with every necessary party.
The phrase should read something like "I sign at [signature], on [date] this day of [day of the week], [year]."
When a person "executes" a document, he or she signs it with the proper "formalities". For example: If there is a legal requirement that the signature on the document be witnessed, the person executes the document by signing it in the presence of the required number of witnesses.
What does this mean? Answer: Executing a contract in counterparts is a very common practice that simply means that each party signs their own separate duplicate copy of the agreement rather than signing together on the same page of the same document.
We prepare what is known as an "execution version." This is the final version of the contract that the parties sign. Preparing an execution version involves cleaning up any interim things from the negotiation that shouldn't be there in the final signed copy.
