Joinder Agreement

A joinder agreement is a document by which a new party joins an existing contract, assuming the same rights and obligations as the original parties.


ApplicationUse Case
Additional buyerAdding co-purchaser after initial contract
Guarantor additionIncluding third-party security
Investor joiningNew partner in development
Lender participationMultiple financing sources
RequirementsElement
Original parties consentAll must agree
Assumption of obligationsNew party accepts duties
Equal standingSame rights as existing parties
Written executionFormal documentation required

Related Terms

Co-OwnershipParty SubstitutionNovation AgreementContract Terms

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