Joint Check Agreement Form
Description
How to fill out Joint Check Agreement Form?
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FAQ
A joint check agreement is entered into when multiple parties are working on the same project. In general, these agreements are between the general contractor, his subcontractors, and any further subcontractors or material suppliers. The goal is to make sure everyone gets paid in a timely fashion.
Writing a Joint CheckIf it needs to be written to two or more companies, be sure to write out the word and. You may also want to write the words jointly or as joint payees to ensure that bankers notice that the check goes to two parties instead of just one.
A joint check is a check made out to two parties that can only be cashed if signed by both parties. Because the check must be signed by both parties before it is cashed, it makes it difficult for Party B to take the money and not pay Party C.
