medbegränsad

Medbegränsad is a Swedish term that translates to "jointly and severally liable" in English legal contexts. It describes a situation where two or more parties are held responsible for an obligation, such as a debt or a contract, to the full extent of the obligation, regardless of their individual contribution to it. This means that a creditor can pursue any one of the jointly and severally liable parties for the entire amount owed. Once one party has paid more than their proportionate share, they typically have the right to seek reimbursement from the other liable parties. This concept is common in commercial agreements, loan agreements, and tort law, ensuring that creditors have a robust way to recover their losses. The principle aims to protect the creditor by providing multiple avenues for recourse, simplifying the process of debt collection. It is a significant aspect of contract and liability law in Sweden and other jurisdictions that recognize similar legal principles.