joint liability


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joint liability

n. when two or more persons are both responsible for a debt, claim or judgment. It can be important to the person making the claim, as well as to a person who is sued, who can demand that anyone with joint liability for the alleged debt or claim for damages be joined in (brought into) the lawsuit with them. (See: joinder, joint and several)

References in periodicals archive ?
Under the financial products the company primarily provides microfinance loans (98%) to women based on the Joint Liability Group (JLG) model.
Dissenting Members Harry Johnson III and Philip Miscimarra contend that the redefinition of joint employer "will subject countless entities to unprecedented new joint-bargaining obligations that most do not even know they have, to potential joint liability for unfair labor practices and breaches of collective-bargaining agreements, and to economic protest activity, including what have heretofore been unlawful secondary strikes, boycotts, and picketing.
Jeddah, Ramadan 27, 1436, Jul 14, 2015, SPA -- Deputy Crown Prince Mohammed bin Salman bin Abdulaziz, Second Deputy Premier and Minister of Defense, donated SR50 million to Joint Liability Fund at armed forces and Warlord Succession Program.
The Company and CDC, the controlling shareholder of the Company, shall provide joint liability guarantee to Duolun Coal Chemical Company for its financial leasing based on their respective equity holding proportions in Duolun Coal Chemical Company.
It is unusual for fences to be jointly owned or for there to be some form of joint liability for their upkeep.
Appraiser and Client agree that to the fullest extent permitted by applicable law, each party's and its Personnel's maximum aggregate and joint liability to the other party for claims and causes of action relating to this Agreement or to appraisals or other services under this Agreement shall be limited to the higher of [$25,000] or the total fees and costs charged by Appraiser for the services that are the subject of the claim(s) or cause(s) of action.
Losses from these purchases will be the joint liability of central banks in the eurozone and, in the end, of taxpayers.
Under several liability, the underwriter would be responsible only for its obligation, and under joint liability, any party could be liable for the full amount of the judgment.
As the law on this issue develops, employers are encouraged to take a fresh look at their business relationships and accompanying agreements with an eye toward minimizing joint liability wherever possible.
6015(f) and 66(c) authorize the IRS to grant equitable relief from joint liability in certain circumstances.
This will be at their discretion - it is not like Section 75 of the Consumer Credit Act and there is no joint liability.
Charges against the juvenile include rape, murder, unnatural sex and joint liability.

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