This form provides boilerplate contract clauses that establish the allowable number and effectiveness of any counterparts to the contract agreement. Several different language options are included to suit individual needs and circumstances.
North Dakota Negotiating and Drafting the Counterparts Provision
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Counterparts; Electronic Signatures. This Agreement may be executed in two or more counterparts, each of which when so executed shall be deemed to be an original and all of which when taken together shall constitute one and the same instrument.
A boilerplate counterparts clause that clarifies that separate copies of the agreement may be executed by different parties and each copy will be considered to be an original. Counterparts - Practical Law thomsonreuters.com ? ... thomsonreuters.com ? ...
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.
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.
The contract process is composed of two primary parts: Drafting and negotiations. A contract that is well drafted and goes through careful negotiations can form a strong basis for any business deal. At BPE Law, we have honed our talents so that we can provide support throughout the contract process. Contract Drafting and Negotiations - BPE Law bpelaw.com ? practice-areas ? business-law bpelaw.com ? practice-areas ? business-law
A person or thing that has the same purpose as another one in a different place or organization: The prime minister is to meet his European counterparts to discuss the war against drugs. Synonym. opposite number.