Each of the royalty owners who signs this instrument agrees to become a party to and be bound by the provisions of the Unit Agreement as if the original of that Agreement had been signed; and, each of the working interest owners who signs this instrument agrees to become a party to and be bound by the provisions of the Unit Agreement and the Unit Operating Agreement.
New York Joinder to Unit Operating Agreement and / or Unit Agreement
State:
Multi-State
Control #:
US-OG-731
Format:
Word;
Rich Text
Instant download
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How to fill out Joinder To Unit Operating Agreement And / Or Unit Agreement?
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FAQ
A joinder agreement NDA is a non-disclosure agreement ensuring that the confidentiality of the information exchanged in the process of having a third party joined into the original contract is maintained.
Here is an example of a generic joinder provision: In order for any person or entity (a "Person") to be added as a party to this Agreement (a "New Party"), such Person shall have executed and delivered a joinder to the Company substantially in the form of Exhibit [] attached hereto.
So, when existing parties find new parties to join their agreement, they can ask the new party to sign a joinder agreement. Once the joinder agreement has been signed by the new party they will be legally party to the primary contract between all parties.
An agreement joining a person as party to another agreement as if such person was an original party to such agreement. Joinder agreements are commonly used when new stockholders or LLC members receive equity and are made party to an existing stockholders' agreement or LLC agreement.
The joinder is used to explain that the third party is granted access to the information, whether the third party is bound by some or all elements of the NDA, and that it can meet the NDA's requirements.
A joinder agreement can be a standalone document or included as an exhibit to the LLC's operating agreement. Using this type of agreement, a new member can be admitted as part of the LLC operating agreement and will be bound to its terms.