Co-Liability Sample Clauses
The Co-Liability clause establishes that two or more parties share legal responsibility for fulfilling certain obligations under an agreement. In practice, this means that if one party fails to meet its duties, the other party or parties may also be held accountable for the resulting consequences, such as damages or penalties. This clause is commonly used in joint ventures or partnerships to ensure that all involved parties are equally committed and liable, thereby reducing the risk of non-performance and providing assurance to third parties that obligations will be met.
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Co-Liability. If both the indemnified party and the indemnifying party are negligent or otherwise at fault or strictly liable without fault, then the obligations of indemnification under this Section shall continue, but the indemnifying party shall indemnify the indemnified party only for the percentage of responsibility for the damage or injuries attributable to the indemnifying party. The cumulative liability of Service Provider under this Article (Indemnification) shall not exceed two (2) times the Services fees paid or payable by Client to Service Provider pursuant to the terms of this Agreement during the previous 12 months under an applicable SOW.
Co-Liability. It is the understanding and intention of the Cities that unless otherwise agreed in writing, they shall pay pro-rata according to their respective membership holdings, all debts, liabilities, costs and damages suffered by either of the Cities as a result of contributions made, debts or liabilities properly incurred or guarantees given on behalf of or to the benefit of the Corporation during the term of this Agreement.
Co-Liability. If either party is negligent or otherwise at fault or strictly liable without fault, then such party’s obligations under this Agreement shall continue, but the party shall be liable to the other party only for the percentage of responsibility for the damage or injuries attributable to such party.