Commentary

17.1 Counterpart documents in modern practice

BOILERPLATE AND COMMERCIAL CLAUSES vol 4(3)
| Commentary

17.1 Counterpart documents in modern practice

| Commentary

17: COUNTERPARTS

(For precedents of clauses as to counterparts, see Form 17.1 [1310] onwards.)

17.1 Counterpart documents in modern practice

If an agreement is signed in counterparts, each contracting party signs one version of the agreement. The parties then exchange these versions and each keeps the version signed by the other. The agreement is made at the time the parties exchange the contracts. Traditionally, where parties where routinely represented by their solicitors, the solicitors would undertake the exchange. It is less common to find clauses in contracts on counterparts (even in areas still seen as traditional such as in

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