Examples of Joint and several liability in a sentence
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 All of the tenants are individually and jointly responsible for paying rent and for all other tenants’ responsibilities during the tenancy.
Joint and several liability The expression joint and several liability means that jointly the tenants are liable for the payment of all rents and all liabilities falling upon the tenants during the tenancy as well as any breach of the Agreement.
Joint and several liability: where two or more people are independently held accountable for damages, regardless of who is at fault.
Joint and several liability If the Organisation is comprised of two (2) or more parties, those parties comprising the Organisation agree that they will be jointly and severally liable: for the performance of the Organisation’s obligations under this Agreement; and to the State for any Claims suffered or incurred by the State in connection with this Agreement including the Initiative, the Sponsorship Fee and the In-Kind Support.