Blossary – Business Contracts

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Business Contracts

Terms you should know that may be contained within a business contract

Category: Business

9 Terms

Created by: T.Dub

Number of Blossarys: 6

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Bulgarian (BG)

Bulgarian (BG)

joint and several liability

This is where parties act within the contract as partners and have 'joint, and several liability'. This means each partner is also liable for the entire contract. In the case of a liability or creditor, they must pay in full and recover the partners share of contribution individually.

Domain: Law; Category: Contracts

солидарна отговорност

Това е, когато страни действат в рамките на Договора като партньори и имат ", солидарна отговорност". Това означава, всеки партньор е отговорен за целия договор. При пасив или кредитора те трябва да плащат в пълен размер и възстановяване на партньорите дял на приноса поотделно.

Domain: Law; Category: Contracts