Who signs a joint check?

Joint checks are just that: a check instrument written to your company and somebody else. When everything is going smoothly on a project there usually aren't any problems. These checks come in, they're signed by the parties and deposited by one party according to an agreement.

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Joint Check Agreement by Contractor

Maine Joint Check Agreement by Contractor

Name: Maine Joint Check Agreement by Contractor
Brand: US Legal Forms
Rating: 4.83 (385 reviews)

Category:

Construction - Payments

State:

Multi-State

Control #:

US-CONST11

Format:

Instant download

Description

This is a multi-state form covering the subject matter of the title.

How to fill out Maine Joint Check Agreement By Contractor?

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FAQ

Joint checks are checks paid to more than one person. When a joint check is issued, it is usually made out to the subcontractor as payment for that sub's performance and is also made payable to the supplier from whom the sub obtained his materials.

Writing a Joint CheckIf it needs to be written to two or more companies, be sure to write out the word and. You may also want to write the words jointly or as joint payees to ensure that bankers notice that the check goes to two parties instead of just one.

A joint check is a check made out to two parties that can only be cashed if signed by both parties. Because the check must be signed by both parties before it is cashed, it makes it difficult for Party B to take the money and not pay Party C.

What should be included in a Contractor Agreement?Statement of Relationship.Project Description.Payment and Billing Terms.Responsibilities of Each Party.Project Timeline and Deadlines.Termination Conditions.Nondisclosure Terms, and Confidentiality and Non-Compete Clauses.

When joint checks are involved, two payees must endorse the check in order for that check to be deposited. For example: a contractor may issue a joint check that their subcontractor and their subcontractor's supplier must both endorse before payment can be released.

In most cases, joint checks are received by subcontractors in the construction industry....Here's how:Go to the Edit menu, at the bottom select Preferences.Select Payments.From the Company Preferences window, put a checkmark beside Use Undeposited Funds as a default deposit to account.Select OK.

Joint checks are just that: a check instrument written to your company and somebody else. When everything is going smoothly on a project there usually aren't any problems. These checks come in, they're signed by the parties and deposited by one party according to an agreement.

More info

University of Southern Maine, Portland Campuscover the execution of the Contract which shall be in conformity with the form of Bonds ... by the Maine Department of Transportation for Bridge Constructionand that he/she will contract to carry out and complete the said Work.Implications as they relate to the specific contract or agreement, as some items have financial implications. It has been prepared for adoption by the Joint ... Note: Check the appropriate box in the line above for the tax classification ofAn individual or entity (Form W-9 requester) who is required to file an. The HUBZone program fuels small business growth in historically underutilized business zones with a goal of awarding at least 3% of federal contract dollars ... One way to ensure that subcontractors and suppliers get paid is to write a series of checks, made out jointly to the general contractor and ... The Contract will be awarded to the Contractor who offers the bestContractor must complete annual CORI/SORI checks for all service and supply personnel ... Title. Page No. Cover Page. A-1. Table of Contents. B-1. Notice to Contractors. C-1. Proposal. D-1. Instruction to Bidders. E-1. Agreement. Venturers, joint ventures, affiliates, subsidiaries, divisions,timely perform, in whole or in part, any contract for which a Bond. Find out if Your Municipality Has a Building CodeMaine law requires a written contract between a contractor and homeowner or lessee for any home.

Maine Joint Check Agreement by Contractor

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