How is Sole Responsibility defined in a legal contract?
- Sole Responsibility means the condition in which a party has the exclusive right to settle any disputes based on third-party patent claims, obligation to bear all costs of such settlement and license obtained under the relevant patent rights, obligation to indemnify the other party against royalties, damages, or other monetary damages awarded by a non-appealable judgement, and the sole right to manage and pay all costs related to any litigation. The parties must cooperate in good faith if they both have sole responsibility for claims in the same litigation. Any third-party patent claim or lawsuit must be promptly notified by each party. Seen in 1 SEC filing
- Sole Responsibility means a circumstance in which a party is held accountable for all commitments made concerning the staging and organization of an event, and assumes full legal and financial responsibility for the organization and staging of the event. Seen in 1 SEC filing
- Sole Responsibility means being responsible for all costs associated with the claims of an environmental protection agency's remediation and site monitoring, including all operable units and cost recovery, and contribution actions arising from them, but not including natural resource damage claims and private third party claims for personal injury or property damage. Seen in 1 SEC filing
Note: The Genie AI Legal Assistant pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.
Search EDGAR for 'Definitions of sole responsibility' yourself to verify these results. We are always keen to point people to source documents.
Which definition should you use?
🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.
Genie Definition 1
Sole Responsibility means being the only party accountable for all costs, settlements, damages, or procedures involved in a [agreement or dispute].
Relevant Contract Types
- Employment Contracts
- Service Agreement Contracts
- Non-Disclosure Agreement Contracts
- Intellectual Property Agreement Contracts
- Construction Contracts
Relevant Circumstances
- Settlement of disputes
- Financial obligations
- Legal implications
Relevant Sectors
Genie Definition 2
Sole Responsibility means assuming full undertaking for all commitments made in organizing and staging an [event or project].
Relevant Contract Types
Relevant Circumstances
- Event Organization
- Project Management
Relevant Sectors
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Sole Responsibility means being the only party accountable for all costs, settlements, damages, or procedures involved in a [agreement or dispute]
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