severance of contract

Definition

Saving the truncated version of a void or voidable contract by separating and discarding its offending parts. It may be possible to save a partially invalid contract from total invalidity where (1) the agreement or deal is composed of several parts or clauses, (2) it is possible to comply with some parts or clauses while disregarding the others, (3) substantial life is left in the contract after the severance of bad parts or clauses, and (4) there is no opposition to, or material fault in, the remaining provisions or purposes of the contract.

单词	severance of contract
释义	severance of contract Definition Saving the truncated version of a void or voidable contract by separating and discarding its offending parts. It may be possible to save a partially invalid contract from total invalidity where (1) the agreement or deal is composed of several parts or clauses, (2) it is possible to comply with some parts or clauses while disregarding the others, (3) substantial life is left in the contract after the severance of bad parts or clauses, and (4) there is no opposition to, or material fault in, the remaining provisions or purposes of the contract.
随便看	temporary employee temporary employment temporary help expense temporary insanity temporary investments temporary partial disability temporary record temporary restraining order (TRO) temporary total disability tenancies for years tenancy tenancy at sufferance tenancy at will tenancy by estoppel tenancy by the entirety tenancy for life tenancy for years tenancy from year to year tenancy in common tenancy in partnership tenancy in severalty tenant tenant at sufferance tenant at will tenant improvements (TI)