Several Liability Legal Meaning and Definition

Here is a simplified definition of the legal term Several Liability.

Several Liability (noun)

Several Liability refers to the legal responsibility of one party involved among others in a contract or agreement. This individual is accountable for fulfilling any debt or obligation despite the responsibilities of the others. The person can, however, seek reimbursement from the other parties involved.

For instance, if you are responsible, along with others, for a particular debt and the other parties fail to cover their part, you may be held liable for the whole debt. After paying the debt in full, you have the right to claim the unpaid portion from the other parties.