More Than One Person Sample Clauses

The "More Than One Person" clause defines how contractual rights and obligations are handled when more than one individual or entity is party to the agreement on one side. Typically, this clause clarifies that all such parties are jointly and severally liable, meaning each person is responsible both together and individually for fulfilling the contract's terms. For example, if two tenants sign a lease, both can be held fully accountable for the rent and any damages. This clause ensures that the other party can seek full performance or compensation from any or all of the responsible parties, thereby reducing the risk of non-performance or disputes over responsibility.