Joint and several liability of individual companies in the APF GROUP

Dear Clients,

Within the framework of the concluded obligations of individual companies in the APF GROUP (https://agrarnipudnifond.cz/en/skupina-apf/), we apply the principle of joint and several liability for these obligations with immediate effect. 

In practice, this principle means for the creditors of each company in the APF GROUP that if a company fails to fulfil its contractual obligation towards the creditor, the creditor is entitled to call upon any other company in the APF GROUP to fulfil the company's obligation and the company is obliged to fulfil the obligation jointly and severally. This principle is intended to significantly strengthen the position of the creditor (client) in the contractual relationship and thus reduce the risk of possible future delinquency of an individual company. At the same time, the principle of joint and several liability will be incorporated into all binding contracts.

The APF GROUP hereby declares that the principle of joint and several liability of individual companies in the APF GROUP also applies to all previously concluded contractual relationships of individual companies in the APF GROUP.

Thank you for your trust and cooperation so far.

Andrea Mičulková, owner of APF GROUP