When it comes to legal agreements, it is common to see the phrase „this agreement is drawn up in duplicate“ included at the end of the document. But what does this mean, exactly? And why is it important?
First, let`s define what „drawn up in duplicate“ means. Essentially, it means that two identical copies of the agreement have been created and signed by both parties. Each party keeps one copy for their records, ensuring that there is a clear and accurate record of the agreement.
But why is this important? There are a few reasons:
1. Clarity: By having two copies of the agreement, both parties can refer back to the document as needed to ensure that they are on the same page. There is no confusion about what was agreed upon, as the terms are clearly stated in the written contract.
2. Protection: Having a copy of the agreement provides protection in case of any legal disputes. If there is any confusion or disagreement about the terms of the agreement, both parties can refer to the written contract for clarification.
3. Security: Keeping a copy of the agreement ensures that both parties have a record of what was agreed upon, even if the original copy is lost or damaged. This can be important in cases where the agreement is needed for future reference or legal reasons.
In addition to the phrase „this agreement is drawn up in duplicate,“ it is also common to see the phrase „in witness whereof“ included in legal agreements. This phrase indicates that the parties signing the document are doing so in the presence of witnesses, further adding to the legitimacy and legal validity of the agreement.
Overall, including the phrase „this agreement is drawn up in duplicate“ is an important step in ensuring that legal agreements are clear, accurate, and legally binding. By having two copies of the document, both parties can be confident that they are on the same page and that the terms of the agreement are clear and enforceable.