Gatekeeper Contract and Vendor Management Glossary

Search common contracting language and take a deeper dive to discover what each means

Joint and Several Liability

A Liability that arises where two or more Parties to a Contract jointly promise to do the same thing, and also separately promise to do the same thing.

If a Party is wronged, they can sue any and all other Parties involved and can potentially collect the total damages awarded from the lawsuit.

To see the contracts that have Joint and Several Liability in your portfolio, you can simply search for this language using Gatekeeper's OCR Search and Analysis technology.