Licensing Agreement #19 Severability
10-08-09
For the next few posts I will be breaking down a general Licensing Agreement clause-by-clause and giving brief explanations on what it all means. For the beginning of this series of posts, start at the first one dated Sept 14, 2009 (scroll down).
This is the next clause in a Licensing contract:
17. SEVERABILITY
17.1 In the event that any term or provision of this Agreement shall for any reason be held to be invalid, illegal or unenforceable in any respect, such invalidity, illegality or unenforceability shall not affect any other term or provision and this Agreement shall be interpreted and construed as if such term or provision, to the extent the same shall have been held to be invalid, illegal or unenforceable, had never been contained herein.
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The clause clarifies that if a term or provision (any part of the Agreement) is deemed illegal, invalid or unenforceable or is required to be removed for some reason, the contract remains in affect as if the term or provision was not in the contract ever. This usually allows Agreements to stand and remain valid if a portion is tossed out by a court of law.
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As most of you know, I am not a lawyer or an accountant and I recommend everyone seek their own legal counsel, accounting and tax advice in all contractual matters.
I provide consulting which is detailed on the ‘services’ page of this website.
Hope this contract breakdown helps you understand the intricacies of a Licensing Agreement. Should you have any questions contact me at info@Playdigm.com – please put ‘Your name & Licensing’ in the subject line of your email.
Thank you.
Sandford Tuey
Tags: Licensing Agreement, Sandford Tuey, Severability, Tuey