Each of the Major Sellers shall be liable for his/her/its covenants, obligations, representations and warranties hereunder on a several and not joint basis ...

All representations, warranties, covenants, liabilities and obligations under this Agreement are several, and not joint, to each Stockholder.

Joint and several liability is a legal term for a responsibility shared by two or more parties to a lawsuit.

30 апр. 2020 г. · So where there is a contract that says "you and I will pay X", it will likely be treated as a joint promise (not joint and several). Where there ...

The primary purpose of a "Joint and Several Liability Clause" is to ensure that the non-breaching party can recover damages or enforce contractual obligations.

Joint and several liability arises when two or more persons jointly promise in the same contract to do the same thing, but also separately promise to do the ...

Joint and several liability is a legal concept in contract law whereby all parties involved are individually responsible for the full obligation or debt.

The joint and several liability clause identifies the parties that are jointly and severally liable for obligations under the agreement.

“Jointly” means, in the example used, that both parties are responsible for the debt. “Severally” means they are only responsible for their part of the debt.

The liability of each member of the syndicate is several and not joint with other members. A member is liable only for that member's proportion. A member is not ...