Common use of No Joint Liability Clause in Contracts

No Joint Liability. The liability of the Parties under this Agreement shall be several, and not joint and several. The Parties agree that nothing in this Agreement shall be construed as implying joint liability in any case and that each Party will be solely responsible for its own acts or omissions. If an action is brought by an outside Party against two or more Parties to this Agreement, the Parties agree that neither Party to this Agreement will be liable for an amount greater than its proportional contribution to any finding of negligence upon which such action is based.

Appears in 3 contracts

Samples: Inter Institutionalagreement, Inter Institutionalagreement, Inter Institutionalagreement

AutoNDA by SimpleDocs

No Joint Liability. The liability of the Parties parties under this Agreement shall be several, and not joint and several. The Parties parties agree that nothing in this Agreement shall be construed as implying joint liability in any case and that each Party party will be solely responsible for its own acts or omissions. If an action is brought by an outside Party party against two or more Parties parties to this Agreement, the Parties parties agree that neither Party no party to this Agreement will be liable for an amount greater than its proportional contribution to any finding of negligence upon which such action is based.

Appears in 1 contract

Samples: Master License Agreement (Tokai Pharmaceuticals Inc)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.