Okuzeka
Contract & Commercial Law vocabulary · Forming & Drafting Contracts

Counterpart

Meaning in contract & commercial law, with examples

/ˈkaʊntəpɑːt/nounAdvanced term

In contract & commercial law, counterpart means: One of several identical copies of a contract, each signed by one or more of the parties, which together form a single agreement.

In Turkish: nüsha, suret

How it is used

Appears in the standard counterparts clause: 'This Agreement may be executed in any number of counterparts'. It lets parties in different cities sign separate copies, often exchanged as PDFs, instead of signing one physical document.

Example sentences

  1. The agreement may be signed in counterparts, and each counterpart is an original.

  2. We received the buyer's signed counterpart by email this morning.

Common collocations

  • sign in counterparts
  • counterparts clause
  • signed counterpart
  • any number of counterparts
  • executeTo sign a contract or legal document and complete any other formalities so that it becomes legally effective.
  • contractA legally binding agreement between two or more parties in which each side promises to do, or not to do, certain things.
  • partyA person or organisation that has signed a contract or is directly involved in a legal agreement or dispute.
  • draftTo write the text of a contract or legal document carefully; as a noun, a version of a document that is not yet final.

More terms: Forming & Drafting Contracts

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This page explains English vocabulary for learners. It is not legal advice.