Category: Financial / Legal / Administrative / Political

If parties agree to be jointly liable, they are each liable to the full extend of their undertaking. Namely each party is fully liable for the financial undertakings incurred in case the other party is not able to meet its obligations. The opposite to this is several liability

This is a hybrid of “jointly liable” and “severally liable”. Namely, vis-?-vis the claimant each party is responsible for the full amount, but amongst themselves they have agreed to several liability, meaning that they can pursue the other party to pay their share of the liability

The Standards Institute is a government body that operates under the Standards Law of 1953. The Institute is responsible for preparing standards to ensure the quality and safety of products. The Institute tests the compatibility of products to Israeli or international standards. These include the following areas: construction and building materials, land and roads, hydraulics and energy, communications, chemicals, food and textiles, electricity and electronics, mechanics and calibration.