Joint Obligor
/ˈdʒɔɪnt əˈblɪɡər/
Definitions
- (n.) A party who shares legal obligation with one or more other parties under a contract or liability, each being independently liable for the full performance.
The creditor can sue any joint obligor for the entire amount owed.
Forms
- joint obligors
Related terms
See also
Commentary
In contracts, joint obligors are severally liable but often treated as jointly liable, requiring precise drafting to clarify the scope of obligations.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.