Joint Bidding Agreement: Definition, Terms, Example
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What is a Joint Bidding Agreement?
When two or more businesses team up to submit a bid, they form a joint bidding agreement. This type of agreement allows the businesses to share resources and work together to improve their chances of being selected as the winning bidder. There are several benefits of forming a joint bidding agreement, including improved communication, increased efficiency, and reduced costs. By working together, businesses can create a stronger proposal that is more likely to win the contract.
Common Sections in Joint Bidding Agreements
Below is a list of common sections included in Joint Bidding Agreements. These sections are linked to the below sample agreement for you to explore.
Joint Bidding Agreement Sample
| 1. | Cooperation and Consultation |
| 2. | The Offer |
| 3. | Source of Funds |
| 4. | Contributions |
| (a) | PY will contribute or cause to be contributed to Bidco, immediately prior to the first take-up of Shares under the Offer and subject to satisfaction or waiver of the conditions to the take-up of Shares under the Offer, 97,926 Shares and 37,392 Warrants, free and clear of all liens and encumbrances, in exchange for 167,000 Bidco Shares; | |
| (b) | RY will contribute or cause to be contributed to Bidco, immediately prior to the first take-up of Shares under the Offer and subject to satisfaction or waiver of the conditions to the take-up of Shares under the Offer, 104,926 Shares and 37,392 Warrants, free and clear of all liens and encumbrances, in exchange for 166,000 Bidco Shares; | |
| (c) | EL will contribute or cause to be contributed to Bidco, immediately prior to the first take-up of Shares under the Offer and subject to satisfaction or waiver of the conditions to the take-up of Shares under the Offer, 30,924 Shares and 11,808 Warrants, free and clear of all liens and encumbrances, in exchange for 167,000 Bidco Shares; and | |
| (d) | FC will contribute or cause to be contributed to Bidco, immediately prior to the first take-up of Shares under the Offer and subject to satisfaction or waiver of the conditions to the take-up of Shares under the Offer, 171,800 Shares and 65,600 Warrants, free and clear of all liens and encumbrances, in exchange for 500,000 Bidco Shares. |
-2-
| 5. | Post-Closing Arrangements |
| 6. | Public Announcements |
| 7. | Termination |
| 8. | General |
-3-
| Signed “Peter Yanofsky”
|
Signed “Richard Yanofsky”
|
|||||||
| Signed “Eric Lau”
|
Signed “Francis Choi”
|
|||||||
| ERIC LAU | CHOI CHEE MING, also known as, Francis Choi | |||||||
| 7293411 CANADA INC. | ||||||||
By: |
Signed “Richard Yanofsky” | |||||||
Name:
|
||||||||
Position:
|
President |
Reference:
Security Exchange Commission - Edgar Database, EX-99.(E)(4) 11 m60837exv99wxeyx4y.htm EX-99.(E)(4), Viewed April 19, 2022, View Source on SEC.
Who Helps With Joint Bidding Agreements?
Lawyers with backgrounds working on joint bidding agreements work with clients to help. Do you need help with a joint bidding agreement?
Post a project in ContractsCounsel's marketplace to get free bids from lawyers to draft, review, or negotiate joint bidding agreements. All lawyers are vetted by our team and peer reviewed by our customers for you to explore before hiring.
ContractsCounsel is not a law firm, and this post should not be considered and does not contain legal advice. To ensure the information and advice in this post are correct, sufficient, and appropriate for your situation, please consult a licensed attorney. Also, using or accessing ContractsCounsel's site does not create an attorney-client relationship between you and ContractsCounsel.
Meet some of our Joint Bidding Agreement Lawyers
Brianna N.
Brianna is a well-respected New York licensed attorney with a Juris Doctorate degree in law from Touro College Jacob D. Fuchsberg Law School and bachelor’s degree in Business Administration and Management from Dowling College. Since becoming an attorney, she has practiced in various areas including business law, corporate law, residential real estate, commercial real estate, criminal law, traffic law, employment law, landlord tenant law, estate planning, and has represented intermediaries in procurement and the personal protective equipment industry. Brianna has broad and extensive business experience; She is an entrepreneur and co-owner of a microtechnology manufacturing company that was built by her and her partner, where she also served as the Chief Legal Officer and Human Resource Manager for the company. While building the manufacturing business, she created a brokerage firm for business transactions and has managed several other businesses which she has ownership interest in. Brianna’s involvement in these various businesses over the past 15 years provides a unique skillset to her clients; Not only does she understand contractual principals and obligations from a legal perspective while drafting and negotiating agreements, but she also has the foresight, experience, and ability to ensure the agreement reflects the practical aspects of the business. Based on the client’s needs and desired outcome, she has the forethought to cover different angles that would be overlooked from a legal standpoint, and as a result she is able to help prevent unforeseen business ramifications. She conducts extensive risk assessments on behalf of her clients and minimizes exposure to potential liability without “over lawyering” agreements. One of Brianna’s main areas of focus is drafting and negotiating agreements. Negotiation is a passion of hers which was applied in law school while she was a member of the Alternative Dispute Resolution Society, notably winning Touro Law School’s intraschool negotiation competition. In her more recent years, Brianna has removed herself from her various business interests to focus on her law practice. Brianna has a strong moral compass and believes in quality over quantity. She treats every client as a top priority; thus, she will not take on many cases at a time because she wants to give each client the focus and attention they deserve. She has sharp attention to detail and is a forceful advocate for every client. Brianna has broad and extensive business experience; She is an entrepreneur and co-owner of a microtechnology manufacturing company that was built by her and her partner, where she also served as the Chief Legal Officer and Human Resource Manager for the company. While building the manufacturing business, she created a brokerage firm for business transactions and has managed several other businesses which she has ownership interest in. Brianna’s involvement in these various businesses over the past 15 years provides a unique skillset to her clients; Not only does she understand contractual principals and obligations from a legal perspective while drafting and negotiating agreements, but she also has the foresight, experience, and ability to ensure the agreement reflects the practical aspects of the business. Based on the client’s needs and desired outcome, she has the forethought to cover different angles that would be overlooked from a legal standpoint, and as a result she is able to help prevent unforeseen business ramifications. She conducts extensive risk assessments on behalf of her clients and minimizes exposure to potential liability without “over lawyering” agreements. Additionally, she specializes in drafting and negotiating agreements. Negotiation is a passion of hers which was applied in law school while she was a member of the Alternative Dispute Resolution Society, notably winning Touro Law School’s intraschool negotiation competition. In her more recent years, Brianna has removed herself from her various business interests to focus on her law practice. Brianna has a strong moral compass and believes in quality over quantity. She treats every client as a top priority; thus, she will not take on many cases at a time because she wants to give each client the focus and attention they deserve. She has sharp attention to detail and is a forceful advocate for every client.
"Brianna gave me a very reasonable quote compared to other bids, and she's super responsible and thorough with her job, an absolute delight to work with, highly recommended!"
Paul S.
I focus my practice on startups and small to mid-size businesses, because they have unique needs that mid-size and large law firms aren't well-equipped to service. In addition to practicing law, I have started and run other businesses, and have an MBA in marketing from Indiana University. I combine my business experience with my legal expertise, to provide practical advice to my clients. I am licensed in Ohio and California, and I leverage the latest in technology to provide top quality legal services to a nationwide client-base. This enables me to serve my clients in a cost-effective manner that doesn't skimp on personal service.
"Was my great pleasure working with Paul. He is very knowledgeable about startups/companies, professional, wise, and supportive. I would highly recommend him."
Curt L.
For over thirty five (35) years, Mr. Langley has developed a diverse general business and commercial litigation practice advising clients on day-to-day business and legal matters, as well as handling lawsuits and arbitrations across Texas and in various other states across the country. Mr. Langley has handled commercial matters including employment law, commercial collections, real estate matters, energy litigation, construction, general litigation, arbitrations, defamation actions, misappropriation of trade secrets, usury, consumer credit, commercial credit, lender liability, accounting malpractice, legal malpractice, and appellate practice in state and federal courts. (Online bio at www.curtmlangley.com).
Matthew S.
I am a 1984 graduate of the Benjamin N Cardozo School of Law (Yeshiva University) and have been licensed in New Jersey for over 35 years. I have extensive experience in negotiating real estate, business contracts, and loan agreements. Depending on your needs I can work remotely or face-to-face. I offer prompt and courteous service and can tailor a contract and process to meet your needs.
"Matthew was prompt and professional and satisfied all requirements of my request!"
Tim E.
I am a business attorney focused on providing practical, targeted legal services for small businesses, startups, contractors, consultants, and service providers. I help clients efficiently review, draft, and improve everyday business contracts, including service agreements, NDAs, independent contractor agreements, vendor contracts, commercial leases, and purchase documents. My approach is straightforward: identify the terms that matter, explain risks in plain English, and deliver clear, usable edits or drafts without unnecessary complexity. I regularly handle fixed-fee, quick-turnaround projects such as contract reviews, agreement drafting, and demand or termination letters. While I offer streamlined, project-based services for routine matters, I can also assist with broader business legal needs as they arise.
"Excellent experience with Tim on my relatively complex EULA for a suite of network appliance products. Tim was very fair with pricing, responsive, diligent, thorough, technically knowledgeable, took the time to address all my questions and concerns, and finished (with revision) on schedule and budget. Great experience overall and I'll definitely be using Tim for more work in the future with my business. I'll also be using Contract Counsel and recommending it to everyone I know as well! THANK YOU! -Devin"
August 4, 2020
Christopher J.
Experienced attorney focusing on estate planning, probate administration, business formation and counseling, and consumer bankruptcy.
August 13, 2020
Jaren J.
Real Estate and Business lawyer.
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