Examples of Joint and several liability in a sentence
Joint and several liability means each person who signs this Lease agrees to be liable for his/her individual share of liability and, in addition, agrees to be liable for the full performance of this Lease by all other persons who sign this Lease.
Joint and several liability shall include any and all situations, including a situation where one or more Lessee(s) have statutory grounds for opting out or cancelling their individual leasehold obligations.
Joint and several liability puts additional burden on the partners, which means that even the personal properties of the partner or partners can be attached.
Joint and several liability means that any one of the members of a party can be held responsible for the full obligations under the agreement if the other members do not fulfil their obligations.
Joint and several liability would continue to apply in cases of fraud or where laws were knowingly violated.