Joint Ventures/Consortia Sample Clauses

Joint Ventures/Consortia. Provided that the Insured has declared to the Insurers all fees/turnover received from a joint venture or consortium, the cover provided under this policy is extended to include the Insured's liability to pay in respect of any Claim as a direct result of its participation in such joint venture or consortium. This Extension shall provide cover to the Insured only. No other participant in such joint venture or consortium, and no other third party, shall have any rights under this policy, and neither shall the Insurers be liable to pay a contribution to any insurer of any other participant in such joint venture or consortium.