Template:Counterparts capsule: Difference between revisions
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'''TL;DR''': Away from the gripping world of land law, a [[counterparts]] clause is as useful as a chocolate tea-pot. | |||
Outside the arcane and stupefying word of conveyancing, a “[[counterparts]]” clause is a waste of trees. Indeed: even ''there'', it is a waste of trees, because if you need to have everyone sign the same bit of paper, a counterparts clause, attesting that they don’t have to, won’t work. But do not let that stop your [[legal eagle]]s insisting on one, on pain of cratering the trade altogether, of course: a fellow has to put food on the table for his younglings. | Outside the arcane and stupefying word of conveyancing, a “[[counterparts]]” clause is a waste of trees. Indeed: even ''there'', it is a waste of trees, because if you need to have everyone sign the same bit of paper, a counterparts clause, attesting that they don’t have to, won’t work. But do not let that stop your [[legal eagle]]s insisting on one, on pain of cratering the trade altogether, of course: a fellow has to put food on the table for his younglings. | ||
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:''“Where an instrument of conveyance, as a lease, is executed in parts, that is, by having several copies or duplicates made and interchangeably executed, that which is executed by the grantor is usually called the “original,” and the rest are “[[counterpart]]s;” although, where all the parties execute every part, this renders them all originals.” | :''“Where an instrument of conveyance, as a lease, is executed in parts, that is, by having several copies or duplicates made and interchangeably executed, that which is executed by the grantor is usually called the “original,” and the rest are “[[counterpart]]s;” although, where all the parties execute every part, this renders them all originals.” | ||
Sometimes it is important that more than one copy of a document is recognised as an “original” — for [[tax]] purposes, for example, or where “the agreement” must be formally lodged with a land registry. But these cases, involving the conveyance of real estate, are rare — non-existent, indeed, when the field you are ploughing overflows with flowering {{isdama}}s, [[confidentiality agreement]]s and so on | Sometimes it is important that more than one copy of a document is recognised as an “original” — for [[tax]] purposes, for example, or where “the agreement” must be formally lodged with a land registry. But these cases, involving the conveyance of real estate, are rare — non-existent, indeed, when the field you are ploughing overflows with flowering {{isdama}}s, [[confidentiality agreement]]s and so on. <br> | ||
Revision as of 10:21, 1 May 2020
TL;DR: Away from the gripping world of land law, a counterparts clause is as useful as a chocolate tea-pot.
Outside the arcane and stupefying word of conveyancing, a “counterparts” clause is a waste of trees. Indeed: even there, it is a waste of trees, because if you need to have everyone sign the same bit of paper, a counterparts clause, attesting that they don’t have to, won’t work. But do not let that stop your legal eagles insisting on one, on pain of cratering the trade altogether, of course: a fellow has to put food on the table for his younglings.
Black’s Law dictionary has the following to say on counterparts:
- “Where an instrument of conveyance, as a lease, is executed in parts, that is, by having several copies or duplicates made and interchangeably executed, that which is executed by the grantor is usually called the “original,” and the rest are “counterparts;” although, where all the parties execute every part, this renders them all originals.”
Sometimes it is important that more than one copy of a document is recognised as an “original” — for tax purposes, for example, or where “the agreement” must be formally lodged with a land registry. But these cases, involving the conveyance of real estate, are rare — non-existent, indeed, when the field you are ploughing overflows with flowering ISDA Master Agreements, confidentiality agreements and so on.