severability clause

severability clause. A provision that keeps the remaining provisions of a contract or statute in force if any portion of that contract or statute is judicially declared void or unconstitutional. — Also termed saving clause; separability clause. See severable contract under CONTRACT; severable statute under STATUTE. [Cases: Contracts 137; Statutes 64. C.J.S. Contracts § 297; Statutes § 83.]

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词条贡献者

译者张文，国际知名商学院金融专业，擅长翻译各种与结构性融资及衍生品诉讼相关的法律文件。