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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 document may be executed in any number of counterparts. All counterparts together make one instrument. As long as this style of clause is included in the deed, and the separate wet signed pages by each party are all stored together once signed, this will be sufficient.
Any Singapore law governed contract or deed can be executed in counterparts, regardless of whether a counterparts clause is included.
Counterparts. Simple contracts and deeds are often executed in counterparts. This means that each party to the contract will sign separate but identical copies of the same document. The signed copies will together form a single binding agreement.
Execution of a contract in counterpart involves each of the parties signing separate (but identical) copies of the contract. Each party then exchanges their signed counterpart with the signed counterparts of the other party or parties.
A person or thing closely resembling another, especially in function: Our president is the counterpart of your prime minister. a copy; duplicate.
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 document does not need to include a counterpart clause in order for it to be signed in counterpart. The inclusion of a counterpart clause however reduces the risk of one of the parties arguing that, for example, as not all of the parties have signed the document, the document is not binding.
When two written documents are substantially alike, so that each mightbe a copy or transcript from the other, while both stand on the same footing as originalinstruments, they are called duplicates. Agreements, deeds, and other documents arefrequently executed in duplicate, in order that each party may have an
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.