Simple definition
Liability limited to a party’s own allocated share rather than the entire amount.
Liability limited to a party’s own allocated share rather than the entire amount.
A contract may use “several liability” when describing liability limited to a party’s own allocated share rather than the entire amount.
Liability limited to a party’s own allocated share rather than the entire amount.
In contracts, this language often appears where the parties allocate responsibility for losses, claims, or financial exposure. Read it together with any liability cap, indemnity, insurance, and damages language.
It can change who bears costs when something goes wrong and whether that exposure is limited or carved out. Review the exact language rather than relying on the label alone.
Liability limited to a party’s own allocated share rather than the entire amount.
In contracts, this language often appears where the parties allocate responsibility for losses, claims, or financial exposure. Read it together with any liability cap, indemnity, insurance, and damages language.
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