Sequential Liability definition

Sequential Liability is not an established legal principle. It is a concept adopted by the American Association of Advertising Agencies in the 1990’s. A significant portion of the media industry has rejected the concept, taking the position that the advertising agency and advertiser are jointly and severally liable ( a concept that is similarly rejected by the advertising industry). Schedule 1: Products/Services Assigned to Agency Schedule 2: Commencement Date and Scope of Services I. Commencement Date: [supply]
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Examples of Sequential Liability in a sentence

  • The Counterparty shall explicitly provide indemnification, with respect to, but not limited to, any possible claims of third parties, including any penalties, pursuant to the Dutch Sequential Liability Act (Wet Ketenaansprakelijkheid), the Collection Act (Invorderingswet 1990), Foreign Nationals Employment Act (Wet Arbeid Vreemdelingen) and any related rules and regulations.

  • A Sequential Liability (“SL”) clause in the Agency production agreement provides that the Client – not the Agency – is the party ultimately responsible for a failure to pay under the agreement.

  • No Group Company is in material breach or default under the terms of any such insurance policy (including any such breach or default with respect to the giving of notice of claims) and, to the Company’s knowledge, no event has occurred which (with or without notice or the lapse of time or both) would constitute a material breach or material default.

  • Client reserves himself the right to pay to Supplier the social security contributions and wage tax due on account of the work, for which he is accountable pursuant to the Sequential Liability, by bank transfer to his account reserved for taxes or otherwise to the escrow account which the Re- ceiver holds for contractor.

  • If and w hen applicable, the Purchaser reserves the right to pay the Supplier the amount for the social security premiums and w age taxes owed by the Supplier in relation to the Agreement, for which he is severally liable pursuant to the Dutch Sequential Liability Act (=Wet Ketenaansprakelijkheid), by deposit on his blocked account as referred to in the Sequential Liability Act.

  • In certain cases, to be established by Veolia, Veolia will pay (part of) the labour costs for which Veolia is liable according to its assessment under the "Sequential Liability Act" or other regulations, either through an escrow account, either directly to the Tax Authorities, the Business Association and/or the employee in question.

  • This part will equal the amount for which FIB could be held jointly and severally liable, in its opinion, under the Sequential Liability Act (Dutch: Wet Ketenaansprakelijkheid) or other legislation.

Related to Sequential Liability

  • Legal Liability means responsibility which courts recognize and enforce between persons who sue one another.

  • Consequential Loss means indirect or consequential loss or damage such as, but not limited to, loss of contract, bargain, expectation, opportunity, profit, production, revenue, anticipated cost reduction or interest payable howsoever caused, arising out of or in connection with this Contract.

  • General Liabilities shall have the meaning given it in Article III, Section 6(b) of this Declaration of Trust;

  • Product Liability means any liability, claim or expense, including but not limited to attorneys’ fees and medical expenses, arising in whole or in part out of a breach of any express or implied product warranty by the Company, strict liability in tort, negligent manufacture of product, negligent provision of services, product recall, or any other allegation of liability arising from the design, testing, manufacture, packaging, labeling (including instructions for use), or sale of products.

  • Environmental Liability means any liability, contingent or otherwise (including any liability for damages, costs of environmental remediation, fines, penalties or indemnities), of the Borrower or any Subsidiary directly or indirectly resulting from or based upon (a) violation of any Environmental Law, (b) the generation, use, handling, transportation, storage, treatment or disposal of any Hazardous Materials, (c) exposure to any Hazardous Materials, (d) the release or threatened release of any Hazardous Materials into the environment or (e) any contract, agreement or other consensual arrangement pursuant to which liability is assumed or imposed with respect to any of the foregoing.