Deed of adherence for a new party to become a party to a Joint Venture / Shareholders' Agreement by virtue of being transferred existing shares / allotted new shares.
The Joiner hereby undertakes with (a) the Company and each of the other persons in the Schedule to this Deed and (b) each such other person who may from time to time expressly adhere to the Agreement, to be bound by and comply in all respects with the Agreement, and to assume the benefits of the Agreement, as if the Joiner had executed the Agreement and was named as a party to it.
The Joiner hereby represents, warrants and undertakes to the Company and to each of the other Shareholders (and each other person who may from time to time expressly adhere to the Agreement) in the terms set out in the Agreement, but so that such representations, warranties and undertakings shall be deemed to be given on the date of this Deed and shall be deemed to refer to this Deed of Adherence as well as the Agreement.
How to use this Document?
This document should be carefully read by the Individual Joiner and Company.
Both parties should sign and return a copy, and once signed, both parties should get a copy. To avoid any future disputes, both parties may wish to have their signatures witnessed.
The terms and regulations, respective shares allocated, and the date of the agreement should all be clearly stated in the deed.
If either party wishes to amend the agreement in the future, both parties should agree to do so, and the original agreement and amendments should be recorded in writing and signed by both parties.
How to Tailor the Document for Your Need?
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