Example ContractsClausescontribution in the event of joint liabilityVariants
Contribution in the Event of Joint Liability
Contribution in the Event of Joint Liability contract clause examples

Joint and Several Liability. The liability of all Persons obligated to [[Organization C:Organization]] in any manner under this Agreement shall be joint and several. If more than one Person shall execute this Agreement as “[[Organization B:Organization]]”, then the term “[[Organization B:Organization]]” as used herein and in the other Warehouse Documents shall refer both to each such Person individually and to all such Persons collectively.

Source document

The liability of all Persons obligated to [[Organization C:Organization]] in any manner under this Pledge Agreement shall be joint and several. If more than one Person shall execute this Pledge Agreement as “[[Organization B:Organization]]”, then the term “[[Organization B:Organization]]” as used herein shall refer both to each such Person individually and to all such Persons collectively.

Source document

The liability of all Persons obligated to [[Organization C:Organization]] in any manner under this Agreement shall be joint and several. If more than one Person shall execute this Addendum as “[[Organization B:Organization]]”, then the term “[[Organization B:Organization]]” as used herein shall refer both to each such Person individually and to all such Persons collectively.

Source document

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