Joint Check Agreement Template

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A joint check is simply a check issued by one party, the payor, and made payable to two parties as co-payees. All checks, drafts or other forms of payment made to the Subcontractor by the General Contractor on account. agreement shall be construed to make General Metals Mfg. & Supply Co. a party to the contract existing between Joint check agreement form. The total amount of all joint checks to be issued under this Agreement shall not exceed $_____, and once said amount is reached, Contractor shall be under no obligation to issue any additional joint checks hereunder.

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A joint check is simply a check issued by one party, the payor, and made payable to two parties as co-payees.

In order for parties to avoid a disaster, our Tampa construction attorneys admonish parties to fully understand the joint check rule before entering a joint check agreement and to carefully draft the agreement with language that will not leave lower-tier.

Joint Check Agreement Construction Example | Paramythia

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Duly authorized signors should promptly execute this Agreement in the spaces provided below and upon completion, return this original Joint Check Agreement to "YCN_____". Honestly, the same is true in all states. These types of agreements require the consent of multiple parties (i.e. the GC & the Sub or the Owner & the GC) and are often used as an additional tool in managing risk associated with construction.