Common use of Liability Several Clause in Contracts

Liability Several. The rights, duties, obligations and liabilities of the parties shall be several and not joint nor joint and several, it being the express purpose and intention of the parties that their respective Interests shall be held as tenants in common.

Appears in 2 contracts

Sources: Joint Venture Agreement (Klondike Gold Corp /Fi), Option Agreement (Candev Resource Exploration, Inc.)