Define: Severable Contract

Severable Contract
Severable Contract
Quick Summary of Severable Contract

A severable contract is a type of contract where the terms and obligations are capable of being divided and performed separately. This means that if one part of the contract is found to be unenforceable or invalid, the rest of the contract can still be upheld. This type of contract provides flexibility and protection for both parties involved.

Severable Contract FAQ'S

A severable contract is a contract that contains multiple parts or obligations that can be separated and performed independently of each other.

A non-severable contract is a contract where the obligations cannot be separated and must be performed as a whole. A severable contract allows for the performance of each obligation to be separate and independent.

Examples of severable contracts include contracts for the sale of goods, employment contracts, and service contracts.

Yes, a severable contract can still be enforced if one part of the contract is found to be invalid. The remaining parts of the contract can still be performed.

Yes, a party can terminate a severable contract if one part of the contract is not performed. However, the termination would only apply to the part of the contract that was not performed.

Yes, a severable contract can be modified if both parties agree to the modification. The modification would only apply to the part of the contract that was modified.

Yes, a severable contract can be assigned to another party if the contract allows for assignment or if both parties agree to the assignment.

If one party breaches a severable contract, the other party can seek damages for the specific part of the contract that was breached.

Yes, a severable contract can be terminated by mutual agreement between both parties.

If one part of a severable contract is illegal, that part of the contract would be unenforceable. However, the remaining parts of the contract can still be performed.

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Disclaimer

This site contains general legal information but does not constitute professional legal advice for your particular situation. Persuing this glossary does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.

This glossary post was last updated: 13th April 2024.

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