Legal Definitions - conjunctim

Conjunctim (pronounced kun-JUNK-tim) is a Latin term used in law to describe actions or responsibilities undertaken conjointly or together by multiple parties. When parties act conjunctim, they typically share rights, obligations, or ownership collectively, often with equal standing or responsibility.

Here are some examples to illustrate this concept:

• Example 1: Business Partnership Agreement

  Imagine two individuals, Sarah and Tom, decide to open a bakery together. Their partnership agreement states that they will own the business assets and share all profits and losses conjunctim. This means that they are both equally responsible for the business's debts and liabilities, and they both have an equal claim to its assets and earnings. Neither can make a major decision or claim an asset without the other's involvement, as their ownership and responsibilities are intertwined and shared.

• Example 2: Joint Property Ownership

  A married couple, Maria and David, purchase a house and title it in both their names as joint tenants. This form of ownership means they hold the property conjunctim. They both have an undivided interest in the entire property, and neither can sell their share without the other's consent. Their ownership is collective, and they share all rights and responsibilities associated with the property together.

• Example 3: Co-signing a Loan

  Suppose a parent, Emily, co-signs a car loan with her adult child, Alex. The loan agreement specifies that both Emily and Alex are liable for the debt conjunctim. This means that the lender can pursue either Emily or Alex, or both, for the full amount of the loan if payments are missed. Their obligation to repay the loan is shared and collective, making both equally responsible for the entire debt.