What does counterpart mean in legal terms?

Counterpart is a copy or duplicate of a legal instrument. Where an instrument, especially a contract, is signed by the parties on different copies, one of the copies is the original while the others are counterparts. The legal concept of counterpart originates from the transfer of land.

What is a counterpart in real estate?

by Practical Law Real Estate. Maintained • USA (National/Federal) A Standard Clause found in real estate agreements such as a lease or purchase and sale agreement providing the parties with the option to execute separate copies of an agreement in counterparts.

What does someone’s counterpart mean?

English Language Learners Definition of counterpart : someone or something that has the same job or purpose as another.

What is an example of a counterpart?

The definition of a counterpart is someone or something that is the equivalent to, or has the same features, functions and/or characteristics as someone or something else. An example of counterpart is when you fill the same role at your office as someone in a different branch office.

Is a counterparts clause necessary?

Including counterpart clauses, while not necessary, does reduce risk. Counterpart clauses are especially useful for contracts with many parties that are unable to be physically present to sign. Conversely, a counterpart clause will be irrelevant if all parties are able to meet to sign a single copy of the contract.

What is counterpart agreement?

Signing in counterpart means that duplicate contracts or deeds are printed so that there is a separate copy for signing by each party. The opposite situation is where one copy of the contract or deed is printed and signed by all parties to it.

How do you run a counterpart?

A way of executing a document that is intended to have legal effect between two or more parties, which involves each party signing their own separate copy of the document and then exchanging their signed copy for the copy that has been signed by the other party.

What is a female counterpart?

Gender counterpart would generally mean the other gender. So if it’s for males, the counterpart would be understood to be female and vice versa. (It works here because there are only two genders. If talking about more, this could create confusion.) Female counterpart would specifically mean the females.

How do you use the word counterpart?

Counterpart in a Sentence ?

1. The president met with his Canadian counterpart to talk about a trade treaty.
2. In the United States, the average individual uses four times as much water as his counterpart in India.
3. My counterpart in New York manages his office staff in the same manner that I supervise my employees.

What does counterpart mean in politics?

1 of or relating to the state, government, the body politic, public administration, policy-making, etc. a of, involved in, or relating to government policy-making as distinguished from administration or law. b of or relating to the civil aspects of government as distinguished from the military.

How can I use the word counterpart in a sentence?

Counterpart sentence example

1. The active contraction of muscular tissue has no counterpart in the plant.
2. She grabbed the moisturizer and its cleansing counterpart and eye moisturizer.
3. Thus an organ newly discovered in Scorpio was found to have its counterpart in Limulus.

What is counterpart language?

An individual contract might contain specific language about what is considered a legal document, as in the example Statement of Work above. For the purpose of this discussion, the term “counterparts” means “legally binding documents that are recognized in a court of law.”.

What does counter partner mean?

To find your one, true love but to be unable, or unwilling, to recognize it. n. A perfect match, warts and all. Pronunciation: counter partner – (noun for a perfect match) Sentence: Peter had the harebrained idea to invite a bunch of honey bunnies to his hare ball, hoping to find his true love among them.

What is a signature counterpart?

The term “counterpart” is used in legal documents to describe a copy of a contract which is signed and is considered legally binding, in the same way as the original.