Agreements Executed in Counterparts

Workshop on Contract Drafting and Patent Licensing Matthew

Question:

I have a situation where the parties may not all be signing on the same document at the same time yet I want it to be binding on all parties.

Answer:

You are looking for the Counterparts Clause which reads as follows:

“This agreement may be signed in any number of counterparts, each of which is an original, and all of which taken together constitute one single document.”

This works well for different parties in different locations. You must still observe the irrevocable time period set forth in the Agreement, which time in a Standard Form Agreement of Purchase and Sale will be the time where the property is located.

Brian Madigan LL.B., Broker

www.OntarioRealEstateSource.com

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