joint contract

joint contract
joint and several contracts
A joint contract is one made by two or more promisors, who are jointly bound to fulfill its obligations, or made to two or more promisees, who are jointly entitled to require performance of the same. A contract may be "several" as to any one of several promisors or promisees, if person has a legal right (either from the terms of the agreement or the nature of the undertaking) to enforce his individual interest separately from the other parties. Generally all contracts are joint where the interest of the parties for whose benefit they are created is joint, and separate where that interest is separate.
+ joint and several contracts
Contracts in which the parties bind themselves both individually and as a unit (jointly)

Black's law dictionary. . 1990.

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Look at other dictionaries:

  • joint contract — joint and several contracts A joint contract is one made by two or more promisors, who are jointly bound to fulfill its obligations, or made to two or more promisees, who are jointly entitled to require performance of the same. A contract may be… …   Black's law dictionary

  • joint contract — A contract under which an obligation is incurred by or a right given to two or more persons, there being absent any distinct word of severance indicating or producing a several responsibility or right. Dean v Dean, 229 SC 430, 93 SE2d 206. See… …   Ballentine's law dictionary

  • contract — con·tract 1 / kän ˌtrakt/ n [Latin contractus from contrahere to draw together, enter into (a relationship or agreement), from com with, together + trahere to draw] 1: an agreement between two or more parties that creates in each party a duty to… …   Law dictionary

  • joint and several contracts — A joint contract is one made by two or more promisors, who are jointly bound to fulfill its obligations, or made to two or more promisees, who are jointly entitled to require performance of the same. A contract may be several as to any one of… …   Black's law dictionary

  • joint and several contracts — A joint contract is one made by two or more promisors, who are jointly bound to fulfill its obligations, or made to two or more promisees, who are jointly entitled to require performance of the same. A contract may be several as to any one of… …   Black's law dictionary

  • joint — United; combined; undivided; done by or against two or more unitedly; shared by or between two or more; coupled together in interest or liability. The term is used to express a common property interest enjoyed or a common liability incurred by… …   Black's law dictionary

  • joint — United; combined; undivided; done by or against two or more unitedly; shared by or between two or more; coupled together in interest or liability. The term is used to express a common property interest enjoyed or a common liability incurred by… …   Black's law dictionary

  • joint creditors — Creditors who can only enforce their claims by acting together; the obligees under a contract giving them joint rights. See joint contract …   Ballentine's law dictionary

  • joint debtors — Persons who are jointly indebted. Walsh v Miller, 51 Ohio St 462, 487, 38 NE 381. The obligors under a contract joint as to them. See joint contract …   Ballentine's law dictionary

  • joint cause of action — A cause of action pleaded by the obligees under a joint contract, also a cause pleaded by two or more persons upon claims presenting a single question of law or fact common to all the plaintiffs. Commodores Point Terminal Co. v Hudnall (DC Fla)… …   Ballentine's law dictionary

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