Counterparts - GMSLA Provision
GMSLA Anatomy™
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Fastidious fellows in your legal department might fixate on the flimsiness of this clause. As we all know, multi-billion dollar litigation frequently hinges on the presence of absence of a counterparts clause. Here the concern is it this GMSLA version might not cover all the manifold varieties of way we sign and circulate legal agreements things in our modern life. I mean, faxes are a bit antediluvian aren’t they? No mention of telex, for the old fogies? What about email scans? electronic execution? Digital signatures?