Joint Check Agreement Template printable pdf download

Joint Check Agreement

Note: Your Company is the 1

Party, your customer is the 2

Party and the customer of the 2

Party is the 3

Party.

Date: ____________________________

Purchase Order Number:

___________________________________

Your Company

Your Customer (Party 2)

Your Company Address

Party 2 Company Address

Your Company City, ST, Zip

Party 2 Company City, ST, Zip

Gentlemen:

Your Company Name____________ (hereinafter “YCN”) has been requested by 2

Party___________ to furnish certain (specify: parts, components, etc.)

on credit under purchase order number: ___________________ dated: ________________. The project is identified by 3rd Party’s

_______________

purchase order # __________________, dated: _________________.

Party_____________________ and 3

Party_____________________ understand and agree that: (1) the undersigned signors are authorized agents of said

companies and are duly empowered to enter into and make a binding agreement on behalf of their respective companies; (2) “YCN”__________________

standard terms and conditions of sale which appear on each of “YCN’s”________________ invoice and the application of credit shall govern all sales of

goods and/or equipment from “YCN”______________________ to 2

Party________________________ in accordance with its contract with 3

Party____________________.

Applicable only to the products furnished by “YCN”________________________ and as a condition precedent to furnishing said materials for use and

incorporation in the aforementioned project, “YCN”_____________________ requests that until it is paid in full, all payments made or to be made by 3

Party__________________________ to 2

Party____________________ with respect to said project, be made payable by check or checks jointly payable to

Party____________________ and “YCN”_________________. It is understood that all payments shall be timely and in the form of an immediate and

unconditional negotiable instrument. Upon issuance of a check by the 3rdParty____________________, it shall be promptly endorsed by 2

Party_______________ and delivered to “YCN”________________. It is understood that this is a continuing Agreement applicable to the original purchase

order and the “YCN’s”_________________ invoice(s) and to any subsequent billing related to this project only.

Should 2

Party______________ refuse to endorse any joint check tendered by 3

Party__________________, then upon demand by

“YCN”_______________, 3

Party____________________________ agrees to issue a single party check payable to “YCN”___________________ for the

amount shown upon the unpaid invoice (s) relating to the goods/materials furnished to and used by 2nd Party ___________________________ under

purchase order #: __________________________ dated: __________________.

Notwithstanding any additional contract terms that may now or hereafter exist between 2

Party_______________ and

Party___________________________, this agreement may not be altered or modified without the written consent of

“YCN”________________________________ or its authorized representative.

This agreement will assist “YCN”_______________ in fulfilling the requirements of 2

Party__________________ under its contract with 3

Party______________________ and is for the mutual protection of each party. In no way should it be interpreted as casting doubt on the ability, integrity or

credit worthiness of any interested party. Duly authorized signors should promptly execute this Agreement in the spaces provided below and upon

completion, return this original Joint Check Agreement to “YCN________________”. An acknowledgment will be mailed to you.

Your Company Name

2nd Party

3rd Party

___________________________

_____________________________

By: _______________________

By: __________________________

Title: _____________________

Title: ______________________

Title: _________________________

Joint Check Agreement Template

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