adj. , adv. referring to property, rights or obligations which are united, undivided
and shared by two or more persons or entities. Thus, a joint property held by both
cannot be effectively transferred unless all owners join in the transaction. If
a creditor sues to collect a joint debt, he/she must include all the debtors in
the lawsuit, unless the debt is specifically "joint and several," meaning any one
of the debtors may be individually liable. Therefore, care must be taken in drafting
deeds, sales agreements, promissory notes, joint venture agreements and other documents.
A joint tenancy is treated specially, since it includes the right of the survivor
to get the entire property when the other dies (right of survivorship).
See also joint and several joint tenancy joint venture tenancy in common
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