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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.
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.
In order to speed up the process of signing a document, the document may be signed in counterpart. This is where a copy of the document is produced for each party signing. The parties then each sign one of the copies rather than all of them, which, when brought together, form a complete executed document.
A counterparts clause allows the parties to a real estate transaction to sign separate copies of an agreement at separate times and in separate locations. Each individual signed copy of the agreement is considered one counterpart.
In order to speed up the process of signing a document, the document may be signed in counterpart. This is where a copy of the document is produced for each party signing. The parties then each sign one of the copies rather than all of them, which, when brought together, form a complete executed document.
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What is a counterparts clause? A counterparts clause is normally included in a written agreement where the parties to the contract intend they will execute separate copies of the agreement (for example, in transactions where there is no signing meeting).
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.
Including counterpart clauses, while not necessary, does reduce risk. Counterpart clauses are especially useful for contracts with many parties that are unable to be physically present to sign. Often, it will not be possible to get all parties in the same room at the same time to sign a contract.
Signing in counterpart means that duplicate contracts or deeds are printed so that there is a separate copy for signing by each party. The opposite situation is where one copy of the contract or deed is printed and signed by all parties to it.
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.

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