Unincorporated bodies Sample Clauses
The 'Unincorporated bodies' clause defines how the agreement applies to organizations that are not legally incorporated entities, such as clubs, associations, or partnerships. It typically clarifies that these groups, despite lacking separate legal personality, are still bound by the terms of the contract and may specify how obligations and liabilities are allocated among their members. This clause ensures that unincorporated bodies cannot evade contractual responsibilities due to their informal legal status, thereby providing certainty and enforceability for all parties involved.
Unincorporated bodies. If the Principal is a partnership, unincorporated body, association, committee, trustee or debtor on a joint account this Deed will continue to apply if there is any change in the composition, name or style of the Principal and will continue to secure all liabilities to us of the person or people in any partnership, unincorporated body, association or committee, or any trustee or debtor.
Unincorporated bodies. If a Borrower is a partnership, unincorporated body, association, committee, trustee or debtor on a joint account this Deed will continue to apply if there is any change in the composition, name or style of such Borrower and will continue to secure all liabilities to the Lender of the person or people in any partnership, unincorporated body, association or committee, or any trustee or debtor.