Counterpart
Term · Law · MLC-T-LAW-005324
An identical copy of a legal document, such as a contract or deed, where each copy is signed by one or more parties. Each counterpart holds the same legal force as the original, allowing parties in different locations to execute an agreement simultaneously. This practice is common in international transactions and real estate deals.
| Identifier | MLC-T-LAW-005324 |
|---|---|
| Field | Law |
Record as JSON
{
"id": "MLC-T-LAW-005324",
"term": "Counterpart",
"field": "Law",
"definition": "An identical copy of a legal document, such as a contract or deed, where each copy is signed by one or more parties. Each counterpart holds the same legal force as the original, allowing parties in different locations to execute an agreement simultaneously. This practice is common in international transactions and real estate deals.",
"url": "https://mlchart.com/terminology/law/counterpart/"
}
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