What Is Validity Of Clause In A Contract ?
A contract can have many clauses. A clause is a grammatical unit that specifies and objectifies certain things that are intended through it. The clauses in a contract are given and written in ways that are understood by all the parties involved. The reason for doing so is to put the consented agreements on paper for the two parties involved.
The usual clauses of a contract start with stating the purpose, the names, the places, costs involved, services/products, people and so on. However, one of the most important clauses of a contract is its validity. The validity of a contract is very important for both the parties. One cannot seek justice in a court of law if there is a breach of the contract if the validity of the contract expires. This is, unfortunately, overlooked by many parties.
One also needs to keep in mind that a contract has many clauses, many of which could have their own validity. This means that even though there may be a particular validity of a contract, the clauses involved in it can have lesser time periods so as to accommodate more terms. For example, a contract that expires in six months can have a clause that expires in three months, and then states what can be done in the next three months. This is how validity can percolate into clauses.
Severability clause is a common term in contracts. It means that if any clause disqualifies as being illegal or unlawful, the contract still remains binding. And so, only that particular clause is ‘severed’ from the contract. One needs to be careful while signing any contract that has a severability clause in it.
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