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effect upon each and all of the persons executing this Agreement as Seller, and (b) the term \"Seller\" as used in this Agreement shall mean and include each of them, jointly and severally. 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The provisions of this section are solely for the benefit of the Parties hereto and are not intended to create or grant any rights, contractual or otherwise, to any other person or entity.", "hash": "8843a0a09286fc4b06bc65fc9f5620f1", "id": 8}, {"size": 10, "snippet_links": [{"key": "more-than-one-person", "type": "clause", "offset": [3, 23]}, {"key": "the-definition-of", "type": "clause", "offset": [39, 56]}, {"key": "each-person", "type": "clause", "offset": [74, 85]}, {"key": "jointly-and-severally-liable", "type": "definition", "offset": [135, 163]}, {"key": "obligations-under-this-agreement", "type": "clause", "offset": [179, 211]}], "samples": [{"hash": "fZMH4aU6Li2", "uri": "/contracts/fZMH4aU6Li2#joint-liability", "label": "Loan Agreement (CRAWFORD UNITED Corp)", "score": 35.3874053955, "published": true}, {"hash": "ujvSRw3uBV", "uri": "/contracts/ujvSRw3uBV#joint-liability", "label": "Loan Agreement (Educational Development Corp)", "score": 32.3620796204, "published": true}, {"hash": "3iOfKTokhrP", "uri": "/contracts/3iOfKTokhrP#joint-liability", "label": "Loan Agreement (Arcadia Biosciences, Inc.)", "score": 31.4996585846, "published": true}], "snippet": "If more than one Person is included in the definition of \"Borrower\", then each Person included in the definition of \"Borrower\" will be jointly and severally liable for Borrower's obligations under this Agreement.", "hash": "50caa2ffa756940e051027df7684fbfb", "id": 6}, {"size": 7, "snippet_links": [{"key": "the-company", "type": "clause", "offset": [0, 11]}, {"key": "jointly-and-severally-liable", "type": "definition", "offset": [46, 74]}, {"key": "obligations-under-this-agreement", "type": "clause", "offset": [83, 115]}], "samples": [{"hash": "a3DujBKdZnc", "uri": "/contracts/a3DujBKdZnc#joint-liability", "label": "Employment Agreement (Altabancorp)", "score": 31.8856945038, "published": true}, {"hash": "1wRcwUIS3qF", "uri": "/contracts/1wRcwUIS3qF#joint-liability", "label": "Employment Agreement (Altabancorp)", "score": 31.8856945038, "published": true}, {"hash": "4aam1mDFtPv", "uri": "/contracts/4aam1mDFtPv#joint-liability", "label": "Employment Agreement (People's Utah Bancorp)", "score": 30.1718006134, "published": true}], "snippet": "The Company (i.e., Bancorp and Bank) shall be jointly and severally liable for all obligations under this Agreement.", "hash": "b2af9eafc702b5efc21bea92fd120c06", "id": 10}], "next_curs": "ClgSUmoVc35sYXdpbnNpZGVyY29udHJhY3RzcjQLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2Ihhqb2ludC1saWFiaWxpdHkjMDAwMDAwMGEMogECZW4YACAA", "clause": {"title": "Joint Liability", "children": [["", ""], ["notices", "NOTICES"], ["payment", "Payment"], ["general-provisions", "General Provisions"], ["permitted-transfers", "Permitted Transfers"]], "parents": [["miscellaneous", "Miscellaneous"], ["general-provisions", "General Provisions"], ["indemnification", "Indemnification"], ["general", "General"], ["services", "Services"]], "size": 475, "id": "joint-liability", "related": [["tenant-liability", "Tenant Liability", "Tenant Liability"], ["contingent-liability", "Contingent Liability", "Contingent Liability"], ["default-liability", "Default Liability", "Default Liability"], ["aircraft-liability", "Aircraft Liability", "Aircraft Liability"], ["umbrella-liability", "Umbrella Liability", "Umbrella Liability"]], "related_snippets": [], "updated": "2025-08-07T04:22:56+00:00", "also_ask": ["What negotiation leverage does joint liability provide to each party?", "Which essential terms must be included to clarify the scope of joint liability?", "What are the most common pitfalls or fatal flaws in joint liability clauses?", "How does joint liability differ from several or joint and several liability in key jurisdictions?", "What factors do courts consider when enforcing or limiting joint liability provisions?"], "drafting_tip": "Specify the extent of joint liability to prevent misinterpretation; clarify exceptions or limitations to avoid unintended obligations; use precise language to ensure enforceability.", "explanation": "The Joint Liability clause establishes that two or more parties are collectively responsible for fulfilling the obligations set out in the agreement. In practice, this means that if one party fails to meet their responsibilities, the other party or parties can be held fully accountable for the entire obligation, such as payment of debts or performance of services. This clause ensures that the party receiving the benefit of the contract has recourse against all liable parties, thereby reducing the risk of non-performance or non-payment."}, "json": true, "cursor": ""}}