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severable contract

 

Definitions from WordNet

Noun severable contract has 1 sense
  1. severable contract - a contract in which in the event of a breach by one of the parties can be considered as several independent agreements expressed in a single instrument
    --1 is a kind of
    contract

Definitions from the Web

Term: Severable Contract

A severable contract is a legal agreement consisting of distinct and independent parts or obligations that can each be performed separately without affecting the validity of the whole contract.

Examples:
  1. John entered into a severable contract with Jane to sell his car, where the payment and signing of the transfer documents were separate obligations.
  2. In a severable contract for construction services, the client may choose to terminate one part of the project without affecting the remainder of the agreement.
  3. According to the terms of their severable contract, the artist is required to paint four unique pieces for the gallery, each to be sold individually.

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