General Contract Clauses: Joint and Several Liability (IL) | Practical Law

General Contract Clauses: Joint and Several Liability (IL) | Practical Law

A Standard Clause that allows contract parties to choose the obligation level under Illinois law for any co-obligors: several, joint and several, or joint liability. This Standard Clause has integrated notes with important explanations and drafting tips.

General Contract Clauses: Joint and Several Liability (IL)

Practical Law Standard Clauses w-000-0285 (Approx. 10 pages)

General Contract Clauses: Joint and Several Liability (IL)

by Practical Law Commercial Transactions
MaintainedIllinois
A Standard Clause that allows contract parties to choose the obligation level under Illinois law for any co-obligors: several, joint and several, or joint liability. This Standard Clause has integrated notes with important explanations and drafting tips.