Some practitioners believe that an enforcement clause requiring the signature of two subscriptions can be signed by the other. However, on this point, legal authority is lacking and this is not the preferred point of view. Signing the equivalent means that duplicate contracts or documents are printed, so there is a separate copy for signature by each party. The situation is opposite when a copy of the contract or deed is printed and signed by all parties. If you have many parts in different places, this is a useful tool to enable completion without having to distribute a single copy of a document to all parties for signature. Often, you see in the agreement a clause that allows signatories to sign it as equivalent. Unauthorized attempts to transfer information and/or modify information on any part of this site are strictly prohibited and are subject to prosecution under the Computer Fraud and Abuse Act of 1986 and the National Information Infrastructure Protection Act of 1996 (see 18 U.S.C. § 1001 and 1030). It should be noted that, historically, the implementation of the equivalent has not been universally recognised by Scottish law (although this is a point that has been the subject of much more heated debate). However, the Legal Writings (Counterparts and Delivery) (Scotland) Act 2015 changed this situation. While you should always inquire with Scottish lawyers, the linked article (from the Law Society of Scotland Journal) provides a useful overview of the procedure for enforcing the counter-value in Scotland. By using this site, you agree to the control and security check. For security reasons and to ensure that the public service remains available to users, this national computer system uses network traffic monitoring programs to identify unauthorized testing, upload or modify information or cause other damage, including attempts to deny service to users.
There is no clear agreement on this point. Most lawyers will therefore err on the side of caution and say that if two directors (or another combination of two authorized signatories) sign a document on behalf of a company, they must sign the same copy of that document. The section of the Companies Act, which deals with enforcement, deals with the execution of a document, Singular. Note that this policy may change if the SEC manages SEC.gov to ensure that the site operates efficiently and remains available to all users. In short, contracts and documents can usually be signed against a counterparty. The absence of a specific counterparty clause should not affect the validity of an instrument where an instrument has been executed in return. However, such a clause may help to prevent another party from claiming that an agreement is not binding. They could argue that, in the absence of a counter-clause, they did not know that they would enter into a binding contract by signing an agreement that was not signed by the other parties. If the contract or instrument does not contain a “counterparty clause”, can the parties still perform each other`s contract or instrument? If it is not possible for both signatories to sign the same copy of a document, for example. B if the signatories are established in different places, it is preferable that the document be executed by a director in the presence of a witness. . .