Deed of Accession
This Deed of Accession ("Deed") is made and entered into on the 20th day of January 2050, between [Your Name], hereinafter referred to as the "Existing Party," and [New Party Name], hereinafter referred to as the "New Party."
I. Recitals
Whereas, the Existing Parties are currently bound by [Name of Existing Agreement], dated 20th day of January 2050, which governs their joint venture in the manufacturing sector; and
Whereas, the New Party wishes to join the aforementioned agreement and become a party thereto; and
Whereas, the Existing Parties are agreeable to the inclusion of the New Party as a party to the said agreement.
II. Consideration
In consideration of the mutual covenants and agreements contained herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:
III. Covenants
Accession of New Party: The Existing Parties hereby agree to admit the New Party as a party to the existing agreement, effective as of the date of execution of this Deed.
Rights and Obligations: The New Party shall have all the rights and obligations as outlined in the existing agreement to which they are now a party, and shall be bound by all the terms and conditions thereof.
Representation and Warranties: The New Party represents and warrants that it has full legal authority to enter into this Deed and to be bound by the terms of the existing agreement.
Indemnification: The New Party shall indemnify and hold harmless the Existing Parties from and against all claims, losses, liabilities, damages, or expenses arising out of or in connection with the accession of the New Party to the existing agreement.
IV. Dispute Resolution
Any disputes arising out of or relating to this Agreement shall be resolved through mediation before resorting to litigation.
V. Governing Law
This Deed shall be governed by and construed by the laws of the state in which the property is located, without regard to its conflict of laws principles.
VI. Signatures
IN WITNESS WHEREOF, the parties hereunto have set their hands and seals as of the date first above written.
Existing Party:
[Your Name]
[Date Signed]
New Party:
[New Party Name]
[Date Signed]
VII. Witnesses
This Deed is witnessed and signed on the day and the year first above written.
[Witness 1 Name]
[Witness 2 Name]
NOTARIZATION:
State of [STATE], County of [COUNTY]
On this 20th of January 2050, before me, a Notary Public in and for said county and state personally appeared [Your Name] and [New Party Name], known to me to be the persons whose names are subscribed to the foregoing instrument, and acknowledged that they executed the same for the purposes therein contained.
[Notary Public Name]
Notary Public in and for [State]
My Commission Expires: [Expiration Date]
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