JOINT AND INDIVIDUAL INTERESTS Clause Samples
The "Joint and Individual Interests" clause defines how rights, obligations, or benefits under an agreement are shared or divided among multiple parties. In practice, this clause clarifies whether parties are collectively responsible for certain actions or liabilities, or if each party holds separate, individual interests that can be enforced independently. For example, it may specify that all parties must act together in some matters, while in others, each can act on their own behalf. The core function of this clause is to prevent confusion and disputes by clearly delineating the scope of joint versus individual responsibilities and entitlements within the agreement.
JOINT AND INDIVIDUAL INTERESTS. If there is more than one named insured on this policy, any named insured may cancel or change this policy. The action of one named insured will be binding on all persons provided coverage under this policy.
JOINT AND INDIVIDUAL INTERESTS. You may change or cancel this Policy; however, your action(s) shall be binding on all persons provided coverage under this Policy.
JOINT AND INDIVIDUAL INTERESTS. When there are two or more Named Insureds, each acts for all to cancel or change this policy.
JOINT AND INDIVIDUAL INTERESTS. If there is more than one Named Insured on this policy, any Named Insured may cancel or change this policy. The action of one Named Insured or Additional Insured shall be binding on all persons afforded Coverage under this policy.
JOINT AND INDIVIDUAL INTERESTS. If there is more than one named insured on this Policy, any named insured may cancel or change this Policy. The action of one named insured shall be binding on all persons afforded Coverage under this Policy. This Policy may not be transferred to another person without Our written consent. This Policy applies only to Injuries and/or Illnesses occurring during the Policy period shown on the Declarations Page and which occur anywhere in the world. We will adjust all Claims in US dollars and invoices and medical records must be translated to English and currency converted to US dollars as of the date of Treatment.
JOINT AND INDIVIDUAL INTERESTS. If there is more than one named insured on this policy, any named insured may cancel or change this policy. The action of one named insured shall be binding on all persons provided coverage under this policy. If you have asked us to exclude any person from coverage under this policy, it is agreed that the insurance afforded by this policy shall not apply with respect to any claim or loss which occurs due to the ownership, operation, maintenance or use of any vehicle(s), either with or without the express or implied permission of the named insured, while being operated by the excluded person. You further agree that the Company shall not be liable and no liability or obligation of any kind shall attach to the Company for any negligence or liability, vicarious or otherwise, which may be imputed by law to you or any other person, arising out of the maintenance, operation or use of a motor vehicle by the excluded person. Nothing contained in this provision shall vary, waive, alter or extend any other terms or conditions of the policy. This provision shall supersede any policy provisions to the contrary and shall take effect simultaneously with such policy.
JOINT AND INDIVIDUAL INTERESTS. If there is more than person named on this policy, any named person may cancel or change this policy. The action shall be binding on all persons afforded Coverage under this policy. This policy may not be transferred to another person without Our written consent.
JOINT AND INDIVIDUAL INTERESTS. If you consists of more than one person or entity, then each acts for all to change or cancel this policy.
JOINT AND INDIVIDUAL INTERESTS. If there is more than one Named Insured on this policy, any Named Insured may cancel or change this policy. The action of one Named Insured will be binding on all persons provided coverage under this policy. If you have asked us to exclude any person from coverage under this policy, as shown on the Declarations Page, then we will not provide coverage under any parts of this policy (“Excluded Driver”). This exclusion does not apply to Uninsured Motorist Coverage or Underinsured Motorists Coverage for any claim arising from an accident or loss involving your insured auto or any other auto that occurs while it is being operated by an Excluded Driver. This includes any claim for damages made against you or an insured or for any other person or organization that is vicariously liable for an accident arising out of the operation or use of your insured auto by the Excluded Driver. The driver exclusion will continue to apply to this policy and all renewals, reinstatements and/or replacement policies unless we get written notice from you removing the Excluded Driver and the extra premium for coverage of that driver is paid. By acceptance of this policy, you represent that: