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A joinder agreement is a legal contract used to add a new party to an original contract. Joinder agreements make the terms and conditions of the contract binding for the new party as if they were a party to the original contract.

A joinder is intended to be a simple document whose sole effect is to add an additional person or entity as a party to the original agreement and bind them to the terms of that agreement in their entirety.

NDA joinder 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.

party beneficiary, in the law of contracts, is a person who has the right to sue on a contract, despite not having originally been a party to the contract and/or a signer of the contract. There are two kinds of thirdparty beneficiaries: an ?intentional or intended? beneficiary and an ?incidental? beneficiary.

An agreement joining a person as party to another (usually earlier) agreement as if such person was an original party to the agreement. Joinder agreements are commonly used when new shareholders receive shares and are made party to an existing unanimous shareholder agreement.

ADDENDUM TO CONTRACT The second method of adding a party to an existing contract of purchase and sale is by way of an addendum to the contract. The addendum should be signed by the original buyer and seller AND THE NEW PARTY.

Because the contract is formed and finalized, it cannot be changed by simply writing in the new buyer and getting the parties to initiate the change. The proper way to change the contract is to draft a contract amendment, making the change and following the flow of progression from top to bottom.