joint and several contract

A contract with two or more contracting parties on one side, presenting distinct engagements and rights, each contractor being liable and entitled individually and the two or more of them being liable and entitled jointly. 17 Am J2d Contr § 298. The use of the pronoun "we" usually creates a joint obligation, although despite the use of that word, the language of some contracts permits of a construction that the parties were intended to be bound severally as well as jointly. If an instrument worded in the singular is executed by several parties, the obligation is a joint and several one. 17 Am J2d Contr § 298.

Ballentine's law dictionary. . 1998.

Look at other dictionaries:

  • joint and several liability — The liability of joint tortfeasors. 52 Am J1st Torts § 110. The liability of the two or more contracting parties on one side under an agreement in such terms as to engage the two or more jointly and each one individually. See joint and several… …   Ballentine's law dictionary

  • joint and several — joint and sev·er·al adj: relating or belonging to two or more parties together and separately joint and several duties of the partners see also joint and several liability at liability 2b compare in sol …   Law dictionary

  • joint and several liability — see liability 2b Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. joint and several liability …   Law dictionary

  • joint and several contracts — A joint contract is one made by two or more promisors, who are jointly bound to fulfill its obligations, or made to two or more promisees, who are jointly entitled to require performance of the same. A contract may be several as to any one of… …   Black's law dictionary

  • several contract — joint and several contracts A joint contract is one made by two or more promisors, who are jointly bound to fulfill its obligations, or made to two or more promisees, who are jointly entitled to require performance of the same. A contract may be… …   Black's law dictionary

  • NEC Engineering and Construction Contract — The New Engineering Contract (NEC), or NEC Engineering and Construction Contract is a formalized system created by the Institution of Civil Engineers that guides the drafting of documents on civil engineering and construction projects for the… …   Wikipedia

  • joint contract — A contract under which an obligation is incurred by or a right given to two or more persons, there being absent any distinct word of severance indicating or producing a several responsibility or right. Dean v Dean, 229 SC 430, 93 SE2d 206. See… …   Ballentine's law dictionary

  • contract — con·tract 1 / kän ˌtrakt/ n [Latin contractus from contrahere to draw together, enter into (a relationship or agreement), from com with, together + trahere to draw] 1: an agreement between two or more parties that creates in each party a duty to… …   Law dictionary

  • joint contract — joint and several contracts A joint contract is one made by two or more promisors, who are jointly bound to fulfill its obligations, or made to two or more promisees, who are jointly entitled to require performance of the same. A contract may be… …   Black's law dictionary

  • several liability — see liability 2b Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. several liability …   Law dictionary

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