Q&As

Where there is an existing agreement between party A and party B, what options are there to make the holding company of party A (party C) jointly liable with party A? Would novation into the joint names of party A and party C be appropriate?

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Published on LexisPSL on 12/04/2018

The following Commercial Q&A provides comprehensive and up to date legal information covering:

  • Where there is an existing agreement between party A and party B, what options are there to make the holding company of party A (party C) jointly liable with party A? Would novation into the joint names of party A and party C be appropriate?

Where there is an existing agreement between party A and party B, what options are there to make the holding company of party A (party C) jointly liable with party A? Would novation into the joint names of party A and party C be appropriate?

For information relating to joint, several, and joint and several liability, see:

  1. Practice Note: Joint, several, and joint and several liability

  2. Q&A: What is joint, several, and joint and several liability?

  3. Precedent: Joint and several liability clause

Drafting options include, without limitation:

  1. joining party C as third party to the original contract by way of a contract variation

It may be the case that party C can be added as a party to the original

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