severable contract

A contract that includes two or more promises each of which can be enforced separately, so that failure to perform one of the promises does not necessarily put the promisor in breach of the entire contract.

— Also termed divisible contract; several contract. See SEVERABILITY CLAUSE. Cf. joint contract. [Cases: Contracts 137, 171. C.J.S. Contracts §§ 297, 349–354.]

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资深译员Betty，知名法学院国际金融法专业，擅长翻译各类与并购业务相关的法律文件。