Common use of Parties Generally Clause in Contracts

Parties Generally. If a Party consists of more than one person, this Agreement binds each of them separately and any two or more of them, jointly. An obligation, representation, or warranty in favour of more than one person is for the benefit of them separately and jointly. A Party, which is a trustee, is bound both personally and in its capacity as a trustee.

Parties Generally. a) If a Party consists of more than one person, this Agreement binds each of them separately and any two or more of them, jointly. . b) An obligation, representation, or warranty in favour of more than one person is for the benefit of them separately and jointly. . c) A Party, which is a trustee, is bound both personally and in its capacity as a trustee.