Why you must be careful while entering into a contract involving two or more persons under the terms of Joint and several liability,

[PPTP Group]

Joint and several liability, is a term more commonly used in loan
agreements involving two or more borrowers but it is also used in
commercial activities involving contract agreements for goods ,works
and services concerning two or more persons or a consortium of
consultants or group of contactors or suppliers . You must know that
under the legal concept of joint and several liability, a lender or a
Client in the case of Purchasing and Supply contracts has the
freedom as the case may be to claim the full loan balance from the
signatories as a group (not necessarily on a proportional or pro-rata
basis) or from each of them individually and a client who has awarded
contracts under such terms can also claim performance from any of the
signatories and also not necessarily on a proportional or pro-rata
basis . The lender or the client awarding contract may sue any
signatory who has enough free assets to satisfy the lender's claim or
the clients claim, without taking any action against the others.