Maryland Counterpart Execution
Description
How to fill out Counterpart Execution?
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FAQ
A typical counterpart clause will look something like this: ?this agreement may be executed in any number of counterparts, each of which when executed and delivered shall constitute a duplicate original, but all counterparts together shall constitute a single agreement.?
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.
Using a counterparts clause clarifies that: ? multiple copies of the same agreement or deed, known as counterparts, may be executed by the parties ? each signed copy will be treated as an original ? together the counterparts will comprise a single legal instrument.
An approach to executing a document that is intended to have legal effect between two or more parties, that involves each party signing a separate (but identical) copy of the document and then exchanging their signed document for the one that has been signed by the other party.
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.
