Adding A Party To The Agreement

A Joinder is a contractual annex specifically designed to add a new party to an agreement. This document is often used when the identity of the parties has not yet been established when the original agreement was signed. This is a common practice for partnership, operating and shareholder agreements. Treaty amendments are also useful in cases where you and the other party have handled cases differently from what the treaty requires. Suppose Hats for Less sells fascinators to a store called Wedding Hats and the contract guarantees that you send shipments within 14 days. Last year there were some delays because you can`t always get the springs you need to make the fascinators as quickly as you want. Wedding Hats understands the delays and has agreed to the shipment to last 30 days. However, as you find that you are contractually obliged to ship within 14 days and can no longer do so, updating the contract is a good idea to reflect this change in practice. ACI Worldwide Corp. v.

Churchill Lane Associates, LLC, No.16-1736 (8th Cir. January 27, 2017) concerned a licensing agreement between Nestor, Inc. (« Nestor ») and ACI Worldwide Corp (« ACI »). Under the license agreement, Nestor has authorized its software to ACI and ACI to « use, modify, improve, market, sublicense, maintain and support. » However, the entire software and any improvements made by ACI were still the property of Nestor…