Common use of Joint Loss Clause in Contracts

Joint Loss. Except as otherwise expressly provided in this Article 4, any loss or liability incurred by the Parties from any error or omission by a Party in performance of its obligations under this Article 4 will be borne by the Parties jointly.

Appears in 2 contracts

Sources: Purchase and Sale Agreement (Teton Energy Corp), Purchase and Sale Agreement (Teton Energy Corp)